Peekskill, NY—10566
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peekskill, NY
As of Oct '25, the median home price in Peekskill, NY is $501,000, with a year-over-year change of -0.3%. This indicates that home prices in Peekskill, NY are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $501,000 | -0.3% |
| Single Family | $532,000 | -0.9% |
| Condos | $363,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $192,000 | 4.9% |
2 Bed | $445,000 | 4.2% |
3 Bed | $544,000 | 2.3% |
4 Bed | $628,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Peekskill, NY
As of July '25, Rentcast reports the average rent in Peekskill, NY is $2,640, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Peekskill, NY is studios: $2,070, 1-bedrooms: $2,180, 2-bedrooms: $2,950, 3-bedrooms: $3,460, 4-bedrooms: $3,800. The most common rental property sizes in Peekskill, NY are 1-bedroom and 2-bedroom, accounting for 38.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,640 |
| Studio Rent | $2,000 | $2,070 |
| 1 Bed Rent | $2,100 | $2,180 |
| 2 Bed Rent | $2,950 | $2,950 |
| 3 Bed Rent | $3,200 | $3,460 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Peekskill, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Peekskill, NY is 31. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 13.0% |
Listing Count | 93 | 138.0% |
| Listings as % of Homes | 0.2% | 138.0% |
Days on Market | 31 | 17.0% |
Demographics — Peekskill, NY
As of the latest ACS Survey released in 2023, Peekskill, NY has a population of 25,500, which has increased by 6.4% over the past 5 years. Peekskill, NY is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 6.4% |
% Under 18 | 16.5% | -29.8% |
% Seniors | 15.1% | 0.7% |
% WFH | 7.8% | 62.5% |
% w/ College Degree | 37.9% | 37.8% |
As of the latest ACS Survey released in 2023, Peekskill, NY is a predominantly hispanic area, with 46.2% of the population identifying as hispanic. The hispanic population has grown by 16.1% in the last 5 years. The second most common race or ethnicity in Peekskill, NY is white, making up 31.9% of the population. Foreign-born residents account for 27.2% of the population in Peekskill, NY, and this percentage has increased by 0.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 31.9% | -2.4% |
% Black | 18.7% | -11.4% |
% Hispanic | 46.2% | 16.1% |
% Asian | 2.0% | -4.8% |
% Foreign Born | 27.2% | 0.4% |
Mortgage and Risk — Peekskill, NY
According to HUD data as of 2023, there were 203 mortgage originations in Peekskill, NY, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Peekskill, NY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Peekskill, NY
As of 2024, the percent of homes in Peekskill, NY under the Section 8 program is 23.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Peekskill, NY, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,326 |
Total Units Section 8 | 1,053 |
% Rentals under Section 8 | 23.6% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $2,100 | $2,530 |
| 2 Bedroom | -$150 | $2,950 | $2,800 |
| 3 Bedroom | $290 | $3,200 | $3,490 |
| 4 Bedroom | -$40 | $3,800 | $3,760 |
Affordability — Peekskill, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $501,000 |
| Median Household Income | $91,000 |