Peekskill, New York Housing Market Prices
Peekskill 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 24% below the New York median$359,804
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Median rent 26% above the New York median$2,036
Housing Market Overview
| Metric | Peekskill | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $359,804 | $471,885 | $248,835 |
| Price Trend (Annual %) | 12.5% | 7.1% | 7.5% |
| Median Gross Rent | $2,036 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Peekskill is about 24% lower than in New York. Rent is about 26% 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 Peekskill, up about 12.5% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Peekskill rose about 62.6% between 2015 and 2024, from $1,252 to $2,036. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Peekskill.
Buying the median-priced home in Peekskill costs roughly 14.7 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 Peekskill. The price-to-rent ratio in New York is about 24.3.
| Metric | Peekskill | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $359,804 | $471,885 | $248,835 |
| Median Household Income | $86,258 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.2 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Peekskill rose about 61.9%, while median household income rose about 33.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Peekskill | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 48.8% | 58.5% |
| Rental Rate | 37.8% | 41.1% | 31.2% |
| Vacancy Rate | 6.9% | 10.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Peekskill has a homeownership rate of 55.4%, higher than the New York average of 48.8%. Its housing vacancy rate is 6.9%, compared with 10.1% in New York.
Housing Stock
| Metric | Peekskill | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1964 | 1960 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in Peekskill was built around 1964. On average, 2.3 people live in a home with about 4.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Peekskill, New York.
What is the median home price in Peekskill, New York?
The median home price in Peekskill, New York is $359,804, lower than the New York average of $471,885.
What is the average home price in Peekskill, New York?
The typical home price in Peekskill, New York, reported as the median sale price, is $359,804. 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 Peekskill, New York?
The median gross rent in Peekskill, New York is $2,036 per month, higher than the New York average of $1,621.
What was the median gross rent in Peekskill in 2020?
In 2020, the median gross rent in Peekskill, New York was $1,524 per month.
What is the price-to-rent ratio in Peekskill, New York?
The price-to-rent ratio in Peekskill, New York is about 14.7, meaning it would take roughly 14.7 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 Peekskill.
Are home prices or rent rising faster in Peekskill, New York?
Both home prices and rent are rising in Peekskill, up about 12.5% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Peekskill, New York?
55.4% of households in Peekskill, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Peekskill, New York?
The housing vacancy rate in Peekskill, New York is 6.9%, lower than the New York average of 10.1%.
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