1031 Exchange Peekskill, New York

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Peekskill due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Peekskill, New York is a part of the Northern Westchester Submarket submarket area, and contains zip code 10566.

Peekskill Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Peekskill, NY submarket area was $1,858, which is 31.96% lower than 2014 average rent. This represents a compounded annual growth rate of 5.70%. 2019 vacancy in Peekskill, NY was 2.90%.

The total population of the city of Peekskill, NY has grown 2.50% since 2010. As of 2018, the population was 24,173. The median household income of the Peekskill was $54,494, which is 9.62% lower than the national average.

  • submarket area Northern Westchester Submarket
  • avg rent $1,858
  • rent growth 31.96%
  • vacancy 2.90%
  • median income $54,494
  • population (2018) 24,173
  • population growth 2.50%
  • vs. nat'l avg 9.62%
  • zip code 10566

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