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