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Chelsea Cove

Learn about the people, housing, costs and businesses in Chelsea Cove, New York

Median Home$396,500
Median Rent$1,147/month
Population1,200
Leading IndustriesWholesale Trade · Transportation · Professional Services10% wholesale trade
Home Value Growth-5.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners95% of occupied units
NotableHigh Incomes$118k/year · top 9% nationally
NotableVeteran Community9% of residents · top 22% nationally
Chelsea Cove
NY

Frequently Asked Questions

What are today's mortgage rates in Chelsea Cove?

As of today, the 30-year fixed mortgage rate for Chelsea Cove is approximately 6.933% (6.970% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chelsea Cove?

The median home value in Chelsea Cove is $397k. The median monthly rent is $1,147. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chelsea Cove?

Home values in Chelsea Cove have decreased 5.5% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chelsea Cove?

Based on a typical all-in ownership cost of $1,737/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chelsea Cove is $118k/year.

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What industries drive the economy in Chelsea Cove?

The largest employment sectors in Chelsea Cove are public administration (25%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.