Poughkeepsie, New York Housing Market Prices
Poughkeepsie 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 60% below the New York median$187,500
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Median rent 14% below the New York median$1,399
Housing Market Overview
| Metric | Poughkeepsie | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $471,885 | $248,835 |
| Price Trend (Annual %) | 8.8% | 7.1% | 7.5% |
| Median Gross Rent | $1,399 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Poughkeepsie is about 60% lower than in New York. Rent is about 14% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Poughkeepsie, up about 8.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Poughkeepsie rose about 36.2% between 2015 and 2024, from $1,027 to $1,399. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Poughkeepsie.
Buying the median-priced home in Poughkeepsie costs roughly 11.2 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 Poughkeepsie. The price-to-rent ratio in New York is about 24.3.
| Metric | Poughkeepsie | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $471,885 | $248,835 |
| Median Household Income | $60,620 | $86,556 | $80,455 |
| Price-to-Income Ratio | 3.1 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Poughkeepsie rose about 59.8%, while median household income rose about 53.1% 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 | Poughkeepsie | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.1% | 48.8% | 58.5% |
| Rental Rate | 58.5% | 41.1% | 31.2% |
| Vacancy Rate | 4.5% | 10.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Poughkeepsie has a homeownership rate of 37.1%, lower than the New York average of 48.8%. Its housing vacancy rate is 4.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Poughkeepsie | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1956 | 1960 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Poughkeepsie was built around 1956. On average, 2.3 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Poughkeepsie, New York.
What is the median home price in Poughkeepsie, New York?
The median home price in Poughkeepsie, New York is $187,500, lower than the New York average of $471,885.
What is the average home price in Poughkeepsie, New York?
The typical home price in Poughkeepsie, New York, reported as the median sale price, is $187,500. 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 Poughkeepsie, New York?
The median gross rent in Poughkeepsie, New York is $1,399 per month, lower than the New York average of $1,621.
What was the median gross rent in Poughkeepsie in 2020?
In 2020, the median gross rent in Poughkeepsie, New York was $1,127 per month.
What is the price-to-rent ratio in Poughkeepsie, New York?
The price-to-rent ratio in Poughkeepsie, New York is about 11.2, meaning it would take roughly 11.2 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 Poughkeepsie.
Are home prices or rent rising faster in Poughkeepsie, New York?
Both home prices and rent are rising in Poughkeepsie, up about 8.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Poughkeepsie, New York?
37.1% of households in Poughkeepsie, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Poughkeepsie, New York?
The housing vacancy rate in Poughkeepsie, New York is 4.5%, lower than the New York average of 10.1%.
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