Chenango County, New York Housing Market Prices
Chenango County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 83% below the New York median Among the top 5 cheapest counties in New York$79,630
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Median rent 46% below the New York median Cheaper than 84% of counties in New York$875
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chenango County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,630 | $471,885 | $248,835 |
| Price Trend (Annual %) | -4.4% | 7.1% | 7.5% |
| Median Gross Rent | $875 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chenango County is about 83% lower than in New York. Rent is about 46% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Chenango County: home prices fell about 4.4% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Chenango County rose about 37.5% between 2015 and 2024, from $636 to $875. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Chenango County.
Buying the median-priced home in Chenango County costs roughly 7.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chenango County. The price-to-rent ratio in New York is about 24.3.
| Metric | Chenango County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,630 | $471,885 | $248,835 |
| Median Household Income | $63,798 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.2 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chenango County fell about 19.0%, while median household income rose about 36.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chenango County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.0% | 48.8% | 58.5% |
| Rental Rate | 19.9% | 41.1% | 31.2% |
| Vacancy Rate | 19.1% | 10.1% | 10.2% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Chenango County has a homeownership rate of 61.0%, higher than the New York average of 48.8%. Its housing vacancy rate is 19.1%, compared with 10.1% in New York.
Housing Stock
| Metric | Chenango County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1966 | 1960 | 1978 |
| Median Number of Rooms | 6.0 | 5.0 | 5.5 |
The typical housing unit in Chenango County was built around 1966. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Chenango County, NY Housing Compared With Nearby Counties
Chenango County, NY is the 4th largest of the 6 counties compared here, 46,321 residents against a local median of 60,108. Chenango County, NY's median home price, at $79,630, runs 50% below the $157,852 typical of the counties around it.
The counties themselves spread $51,435 on median home price, so Chenango County, NY sits at one end of an already wide local range rather than apart from it. Chenango County, NY has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chenango County, NY | 46,321 | $79,630 #6/6 | $875 #6/6 | 75.4% #3/6 |
| Broome County, NY | 197,289 | $110,767 | $941 | 64.5% |
| Madison County, NY | 67,325 | $161,813 | $927 | 78.3% |
| Cortland County, NY | 46,246 | $139,484 | $983 | 66.3% |
| Otsego County, NY | 60,108 | $162,202 | $986 | 73.9% |
| Susquehanna County, PA | 38,203 | $157,852 | $933 | 78.5% |
Frequently Asked Questions
Common questions about the housing market in Chenango County, New York.
What is the median home price in Chenango County, New York?
The median home price in Chenango County, New York is $79,630, lower than the New York average of $471,885.
What is the average home price in Chenango County, New York?
The typical home price in Chenango County, New York, reported as the median sale price, is $79,630. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chenango County, New York?
The median gross rent in Chenango County, New York is $875 per month, lower than the New York average of $1,621.
What was the median gross rent in Chenango County in 2020?
In 2020, the median gross rent in Chenango County, New York was $691 per month.
What is the price-to-rent ratio in Chenango County, New York?
The price-to-rent ratio in Chenango County, New York is about 7.6, meaning it would take roughly 7.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chenango County.
Are home prices or rent rising faster in Chenango County, New York?
Home prices and rent are moving in opposite directions in Chenango County: home prices fell about 4.4% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Chenango County, New York?
61.0% of households in Chenango County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Chenango County, New York?
The housing vacancy rate in Chenango County, New York is 19.1%, higher than the New York average of 10.1%.
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