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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 25,514, 10,884 total housing units (homes and apartments), and a median house value of $486,549, 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%).
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 100.88%, which ranks in the top 40% nationwide. This equates to an annual average Peekskill house appreciation rate of 7.22%.
Appreciation rates are so strong in Peekskill that despite a nationwide downturn in the housing market, Peekskill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Peekskill appreciation rates continue to be some of the highest in America, at 10.70%, which is higher than appreciation rates in 90.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Peekskill. Peekskill appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Peekskill's latest annual appreciation rate is higher than 80% 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.
$486,549
for New york
for nation
10,884
$3,537 / per month