The housing market in Chenango, NY is quite strong compared to the national average. According to recent data, the median value of homes in Chenango is $200,400 which is significantly lower than the US House Median Value of $338,100. Despite this lower median home value, Chenango has seen a slightly higher appreciation rate over the past year at 8.92%, compared to 8.27% nationally. This indicates that the housing market in Chenango is robust and increasing in value faster than the national average, making it an attractive option for potential buyers and investors alike.
The median home cost in Chenango is $200,400. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Chenango is up 14.8%.
Average Age of Homes
- The median age of Chenango real estate is 53 years old
The Rental Market in Chenango
- Renters make up 14.9% of the Chenango population
- 1.8% of houses and apartments in Chenango, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.