Chester, NY—10918
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chester, NY
Chester, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $518,000 | 2.9% |
| Single Family | $548,000 | 2.6% |
| Condos | $326,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | -1.3% |
3 Bed | $471,000 | 2.6% |
4 Bed | $651,000 | 3.0% |
| 5 Bed | $725,000 | 2.0% |
% of Housing Stock
Rental Trends — Chester, NY
As of July '25, Rentcast reports the average rent in Chester, NY is $2,440, with a year-over-year rent change of -12.9%. Per bedroom, the median rent as of July '25 in Chester, NY is 1-bedrooms: $1,860, 2-bedrooms: $2,330, 3-bedrooms: $2,770, 4-bedrooms: $3,800. The most common rental property sizes in Chester, NY are 1-bedroom and 3-bedroom, accounting for 41.3% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,860 |
| 2 Bed Rent | $2,400 | $2,330 |
| 3 Bed Rent | $2,950 | $2,770 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Chester, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester, NY is 77. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $690,000 | 12.0% |
Listing Count | 42 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 77 | 10.0% |
Demographics — Chester, NY
As of the latest ACS Survey released in 2023, Chester, NY has a population of 11,900, which has decreased by -2.8% over the past 5 years. Chester, NY is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | -2.8% |
% Under 18 | 21.9% | -4.8% |
% Seniors | 15.2% | 36.9% |
% WFH | 14.3% | 83.3% |
% w/ College Degree | 41.1% | 34.8% |
As of the latest ACS Survey released in 2023, Chester, NY is a predominantly white area, with 66.3% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Chester, NY is hispanic, making up 21.1% of the population. Foreign-born residents account for 8.4% of the population in Chester, NY, and this percentage has decreased by 4.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.3% | 1.8% |
% Black | 4.0% | -57.9% |
% Hispanic | 21.1% | -1.9% |
% Asian | 3.2% | 10.3% |
% Foreign Born | 8.4% | -4.5% |
Mortgage and Risk — Chester, NY
According to HUD data as of 2023, there were 226 mortgage originations in Chester, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Chester, NY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 226 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Chester, NY
As of 2024, the percent of homes in Chester, NY under the Section 8 program is 1.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Chester, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,700 | $1,640 |
| 2 Bedroom | -$300 | $2,400 | $2,100 |
| 3 Bedroom | -$270 | $2,950 | $2,680 |
| 4 Bedroom | -$900 | $3,800 | $2,900 |
Affordability — Chester, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $518,000 |
| Median Household Income | $147,000 |