Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,598 people, 1,101 houses or apartments, and a median cost of homes of $1,129,686, Chappaqua house prices are not only among the most expensive in New York, Chappaqua real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Chappaqua, accounting for 73.44% of the town's housing units. Other types of housing that are prevalent in Chappaqua include duplexes, homes converted to apartments or other small apartment buildings ( 10.11%), row houses and other attached homes ( 9.32%), and a few large apartment complexes or high rise apartments ( 7.12%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chappaqua. Owner-occupied housing accounts for 87.06% of Chappaqua's homes, and 53.21% have either three or four bedrooms, which is average sized relative to America.
The housing in Chappaqua was primarily built before 1939 ( 42.04%), making the housing stock in Chappaqua some of the oldest overall in America, although there is a range of ages of homes in Chappaqua. The next most important housing age is between 1970-1999 ( 40.11%), followed by between 1940-1969 ( 15.66%). There's also some housing in Chappaqua built between 2000 and later ( 2.20%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Chappaqua, where house values have increased just 46.67%, which is annualized rate of 3.90%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Chappaqua that despite a nationwide downturn in the housing market, Chappaqua real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chappaqua appreciation rates continue to be some of the highest in America, at 12.83%, which is higher than appreciation rates in 78.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chappaqua. Chappaqua appreciation rates in the latest quarter were at 4.79%, which equates to an annual appreciation rate of 20.56%.
Importantly, this makes Chappaqua one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New York, our data show that Chappaqua's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$1,129,686
$4,612 / per month