Peekskill, New York.
Typical home $516,136 (+4.5% in a year), asking rent $2,938 (+5.9%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$1,474 (+119%) since Jan 2020.
- 1 year
- Up $22,239 +5%
- $493,897$516,136 since Sep 2025
- 5 years
- Up $100,483 +24%
- $415,653$516,136 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Peekskill$2,709
- New York$2,755
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Peekskill, NY rose 4.5% over the past year — faster than the nation's +1.2%.
Asking rents in Peekskill, NY rose 5.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Peekskill runs $972/mo more than renting one. The gap peaked at $1,087 in Nov 2024.
That is $3,910 a month against $2,938 rent: a $2,709 mortgage payment, plus $649 property tax and $553 insurance & upkeep.
Owning vs renting — Peekskill
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,910
- Renting$2,938
- Mortgage only$2,709
Property tax · $649/mo 1.51% of value a year — the ACS 2020-2024 median bill over the median home value for Westchester County, NY
Insurance & upkeep · $553/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Peekskill, Westchester County, New York
Peekskill is a city of 25,431 people in Westchester County. Half its households earn more than $85,954 a year and half less, against $118,976 across Westchester County; 12% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Peekskill was 3.7% in August 2026, and Westchester County had 0.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Peekskill is a small city on the Hudson River in Westchester County, with an age profile close to that of many American towns. Incomes here run below the county's, and the typical home costs less than in much of the county, though it is still a costly place to buy or rent. Most homes are lived in by their owners, and a good share of adults have a four-year degree. Winters are cold, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow add up to a fair amount over the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, the building trades and shops. Among the largest workplaces in Peekskill are Sun River Health, the Peekskill City School District and Sun Chemical Colors & Effects Peekskill. Commutes are fairly long, and only a small share of people work from home. Unemployment is about where it was a year ago, and the county as a whole has added a few more jobs.
Things to do. Bear Mountain State Park, a protected area, is a short drive away, as is Fort Montgomery, a historic fort. The United States Military Academy, which has a museum, is also a short drive away. A longer drive south brings you to the New York Botanical Garden, and The Cloisters, a museum, is farther still.
Report a mistake
- 10,777households
- 38%of adults have a degree
- 12%below the poverty line
- 37 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Westchester County had 433,070 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 17°; warmest in July, with highs near 84° and lows near 61°. About 51 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Shrub Oak weather station, 6 miles away (NOAA).
Largest workplaces in Peekskill
- sun river healthAdministration420
- Peekskill City School DistrictSchool district379FTE
- sun river healthHealth services161
- Sun Chemical Colors & Effects PeekskillPigments, inorganic, manufacturing149
- Stop & ShopGrocery stores112
- First Student108
- DF New York OneGrinding and milling botanicals100
- PeekskillMail and parcel delivery69
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 11 workplaces with 20 or more staff, 1,278 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Peekskill’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Westchester County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Peekskill home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Peekskill$516,136
- New York$524,942
- United States$366,157
Sellers are cutting prices on about 1 in 5 Peekskill listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Peekskill21.93%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Peekskill68
New listings per month
Sellers arriving at the market.
- Peekskill21
Zip codes with a Peekskill address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Peekskill — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.