Town of Chester Home Prices & Values

$218,000 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

  • -2.4% 1-year change
  • 0.5% 1-year forecast

The median home value in Town of Chester is $218,000. Town of Chester home values have declined -2.4% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Town of Chester is $146, which is lower than the Poughkeepsie Metro average of $150. The median price of homes currently listed in Town of Chester is $285,000 while the median price of homes that sold is $221,450. The median rent price in Town of Chester is $1,700, which is higher than the Poughkeepsie Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Town of Chester 2.4 homes are foreclosed (per 10,000). This is lower than the Poughkeepsie Metro value of 4.4 and also lower than the national value of 4.4

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 Town of Chester is 11.5%, which is higher than the national value of 6.9%. 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 Town of Chester homeowners underwater on their mortgage is 28.4%, which is higher than Poughkeepsie Metro at 26.6%.

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Relative ZHVI
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Town of Chester Market Overview

Data through Jul 31, 2014
  • $218,000 ZHVI
  • 0.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $285,000 Median listing price
  • No recent data Median sale price
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Town of Chester Market Health

Data through Jul 31, 2014
  • 0.6/10 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 days on Zillow
  • 28.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes(Jun 30, 2014) Town of Chester
4.4 homes Poughkeepsie Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hamptonburgh $291,600 Town of Warwick $263,600 Town of Monroe $254,100
Town of Goshen $253,000 Walton Park $236,300 South Blooming Grove $195,400
Florida $188,200 Greenwood Lake $187,100 Harriman $162,300

Listings & Sales

Data through Jul 31, 2014
  • $146 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 39.1% Listings with price cut
41.7%
Sold below listing
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Town of Chester Rentals

Data through Jul 31, 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
$1,778 Town of Chester
$1,699 Poughkeepsie Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,700 Rent list price
  • $1.28 Rent list price / sq ft
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