Chatham, NY—12037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chatham, NY
As of Oct '25, the median home price in Chatham, NY is $486,000, with a year-over-year change of 2.8%. This indicates that home prices in Chatham, NY are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 2.8% |
| Single Family | $486,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $357,000 | 0.0% |
3 Bed | $460,000 | 2.9% |
4 Bed | $630,000 | 4.7% |
| 5 Bed | $902,000 | 6.4% |
% of Housing Stock
Rental Trends — Chatham, NY
As of July '25, Rentcast reports the average rent in Chatham, NY is $4,980, with a year-over-year rent change of 71.1%. Per bedroom, the median rent as of July '25 in Chatham, NY is 2-bedrooms: $1,500, 3-bedrooms: $5,450, 4-bedrooms: $7,500. The most common rental property sizes in Chatham, NY are 1-bedroom and 2-bedroom, accounting for 60.2% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,900 | $4,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $3,900 | $5,450 |
| 4 Bed Rent | $7,500 | $7,500 |
% of Rental Stock
Property Listings — Chatham, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Chatham, NY is 72. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -20.0% |
Listing Count | 24 | -15.0% |
| Listings as % of Homes | 1.0% | -15.0% |
Days on Market | 72 | -30.0% |
Demographics — Chatham, NY
As of the latest ACS Survey released in 2023, Chatham, NY has a population of 4,040, which has decreased by -9.0% over the past 5 years. Chatham, NY is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 47.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,040 | -9.0% |
% Under 18 | 17.5% | 10.8% |
% Seniors | 21.8% | -12.1% |
% WFH | 18.3% | 84.8% |
% w/ College Degree | 47.3% | 59.3% |
As of the latest ACS Survey released in 2023, Chatham, NY is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Chatham, NY is hispanic, making up 2.2% of the population. Foreign-born residents account for 6.4% of the population in Chatham, NY, and this percentage has increased by 28.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | -9.2% |
% Black | 0.9% | -80.9% |
% Hispanic | 2.2% | 15.8% |
% Asian | 0.6% | -40.0% |
% Foreign Born | 6.4% | 28.0% |
Mortgage and Risk — Chatham, NY
According to HUD data as of 2023, there were 22 mortgage originations in Chatham, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Chatham, NY. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 23.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Chatham, NY
Chatham, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | -$240 | $1,500 | $1,260 |
| 3 Bedroom | -$2,380 | $3,900 | $1,520 |
| 4 Bedroom | -$5,830 | $7,500 | $1,670 |
Affordability — Chatham, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $486,000 |
| Median Household Income | $94,000 |