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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Peekskill, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Peekskill, NY Housing Market Trends

With 25,514 people, 10,884 houses or apartments, and a median cost of homes of $442,468, Peekskill real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Peekskill, accounting for 33.02% of the city's housing units. Other types of housing that are prevalent in Peekskill include large apartment complexes or high rise apartments ( 30.53%), duplexes, homes converted to apartments or other small apartment buildings ( 18.95%), and a few row houses and other attached homes ( 17.24%).

People in Peekskill primarily live in small (one, two or no bedroom) single-family detached homes. Peekskill has a mixture of owner-occupied and renter-occupied housing.

The housing in Peekskill was primarily built before 1939 ( 31.50%), making the housing stock in Peekskill some of the oldest overall in America, although there is a range of ages of homes in Peekskill. The next most important housing age is between 1970-1999 ( 30.30%), followed by between 1940-1969 ( 28.98%). There's also some housing in Peekskill built between 2000 and later ( 9.22%).

Peekskill Home Appreciation Rates

Appreciation rates for homes in Peekskill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.29%, which ranks in the top 50% nationwide. This equates to an annual average Peekskill house appreciation rate of 6.42%.

NeighborhoodScout's data show that during the latest twelve months, Peekskill's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Peekskill's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Peekskill's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Peekskill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Peekskill - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Peekskill real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$442,468

Peekskill, NY Home Prices
> $1,254,000
$941,001 - $1,254,000
$627,001 - $941,000
$502,001 - $627,000
$376,001 - $502,000
$251,001 - $376,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
0.2%
0.2%
2.5%
2.5%
13.6%
13.6%
25.5%
25.5%
24.3%
24.3%
19.3%
19.3%
6.8%
6.8%
5.5%
5.5%
2.3%
2.3%
0% 100.0%
% of Homes
High

for New york

High

for nation

Number of Homes And Apartments:

10,884

Peekskill Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,364 / per month

Homeownership Rate

Owners
Renters
56.9%
56.9%
43.1%
43.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.8%
6.8%
93.2%
93.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.2%
9.2%
30.3%
30.3%
29.0%
29.0%
31.5%
31.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
33.0%
33.0%
17.2%
17.2%
19.0%
19.0%
30.5%
30.5%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
24.8%
24.8%
34.6%
34.6%
26.6%
26.6%
9.3%
9.3%
2.6%
2.6%
0% 100.0%
% of Homes