Chenango County Home Prices & Values

$81,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -1.9% 1-year change
  • No data 1-year forecast

The median home value in Chenango County is $81,600. Chenango County home values have declined -1.9% over the past year. The median list price per square foot in Chenango County is $69, which is lower than the New York average of $185. The median price of homes currently listed in Chenango County is $124,900 while the median price of homes that sold is $72,060. The median rent price in Chenango County is $840, which is lower than the New York median of $2,900.

Foreclosures will be a factor impacting home values in the next several years. In Chenango County 6.5 homes are foreclosed (per 10,000). This is greater than the New York value of 1.4 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chenango County is 6.5%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chenango County homeowners underwater on their mortgage is 16.2%, which is higher than New York at 13.0%.

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Relative ZHVI
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Chenango County Market Overview

Data through Jun 30, 2014
  • $81,600 ZHVI
  • No data 1-yr forecast
  • $124,900 Median listing price
  • $72,060 Median sale price (May 31, 2014)
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Chenango County Market Health

Data through Jun 30, 2014
  • 3.8/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 16.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

6.5 homes Chenango County
1.4 homes New York
4.3 homes United States
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Cities in Chenango County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Town of Greene $100,300 Town of Sherburne $81,600 North Norwich $80,200
Town of New Berlin $80,100 Guilford $79,100 Town of Norwich $78,100
Town of Bainbridge $76,100 Town of Oxford $74,400  

Listings & Sales

Data through Jun 30, 2014
  • $69 Median list price / sq ft
  • $56 Median sale price / sq ft (May 31, 2014)
  • 27.2% Listings with price cut
20.2%
Sold below listing
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Chenango County Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,377 Chenango County
$1,864 New York
$1,310 United States
  • No data Breakeven horizon
  • $840 Rent list price (Apr 30, 2014)
  • No data Rent list price / sq ft
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