Chittenango, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chittenango, NY Housing Market Trends

With 4,896 people, 1,746 houses or apartments, and a median cost of homes of $183,267, house prices in Chittenango are solidly below the national average.

Single-family detached homes are the single most common housing type in Chittenango, accounting for 76.78% of the village's housing units. Other types of housing that are prevalent in Chittenango include large apartment complexes or high rise apartments ( 15.60%), duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), and a few mobile homes or trailers ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chittenango. Owner-occupied housing accounts for 69.90% of Chittenango's homes, and 66.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chittenango built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chittenango built between 1940-1969 ( 37.54%). A lesser amount of the housing stock also hails from before 1939 ( 14.01%). There's also some housing in Chittenango built between 2000 and later ( 8.03%).

Vacant housing appears to be an issue in Chittenango. Fully 10.09% of the housing stock is classified as vacant. Left unchecked, vacant Chittenango homes and apartments can be a drag on the real estate market, holding Chittenango real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Chittenango Home Appreciation Rates

Chittenango's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chittenango during the period has been just 2.96%, which is lower than 70% of US communities.

Over the last year, Chittenango appreciation rates have trailed the rest of the nation. In the last twelve months, Chittenango's appreciation rate has been 11.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chittenango were at 3.96%, which equates to an annual appreciation rate of 16.79%.

Relative to New York, our data show that Chittenango's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$183,267

Chittenango Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
94.75% 3.11%
3
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$994 / per month

Homeownership Rate

Owners
69.9%
69.9%
Renters
30.1%
30.1%
Vacant
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.0%
8.0%
1970 - 1999
40.4%
40.4%
1940 - 1969
37.5%
37.5%
1939 or Older
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.8%
76.8%
Townhomes
0.0%
0.0%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
15.6%
15.6%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
8.0%
8.0%
2 Bedrooms
21.8%
21.8%
3 Bedrooms
46.8%
46.8%
4 Bedrooms
19.7%
19.7%
5 or more bedrooms
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Chittenango

Zip Codes in Chittenango, NY