Port Chester, New York Housing Market Prices
Port Chester 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 62% below the New York median$180,603
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Median rent 25% above the New York median$2,027
Housing Market Overview
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,603 | $471,885 | $248,835 |
| Price Trend (Annual %) | 53.8% | 7.1% | 7.5% |
| Median Gross Rent | $2,027 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Port Chester is about 62% lower than in New York. Rent is about 25% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Port Chester, up about 53.8% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Port Chester rose about 43.0% between 2015 and 2024, from $1,418 to $2,027. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Port Chester.
Buying the median-priced home in Port Chester costs roughly 7.4 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 Port Chester. The price-to-rent ratio in New York is about 24.3.
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,603 | $471,885 | $248,835 |
| Median Household Income | $91,068 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Port Chester fell about 35.4%, while median household income rose about 69.8% 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 | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.6% | 48.8% | 58.5% |
| Rental Rate | 52.0% | 41.1% | 31.2% |
| Vacancy Rate | 3.4% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Port Chester has a homeownership rate of 44.6%, lower than the New York average of 48.8%. Its housing vacancy rate is 3.4%, compared with 10.1% in New York.
Housing Stock
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1956 | 1960 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in Port Chester was built around 1956. On average, 2.8 people live in a home with about 4.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Port Chester, New York.
What is the median home price in Port Chester, New York?
The median home price in Port Chester, New York is $180,603, lower than the New York average of $471,885.
What is the average home price in Port Chester, New York?
The typical home price in Port Chester, New York, reported as the median sale price, is $180,603. 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 Port Chester, New York?
The median gross rent in Port Chester, New York is $2,027 per month, higher than the New York average of $1,621.
What was the median gross rent in Port Chester in 2020?
In 2020, the median gross rent in Port Chester, New York was $1,774 per month.
What is the price-to-rent ratio in Port Chester, New York?
The price-to-rent ratio in Port Chester, New York is about 7.4, meaning it would take roughly 7.4 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 Port Chester.
Are home prices or rent rising faster in Port Chester, New York?
Both home prices and rent are rising in Port Chester, up about 53.8% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Port Chester, New York?
44.6% of households in Port Chester, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Port Chester, New York?
The housing vacancy rate in Port Chester, New York is 3.4%, lower than the New York average of 10.1%.
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