Peekskill Home Prices & Values

$252,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.8% 1-year change
  • 0.2% 1-year forecast

The median home value in Peekskill is $252,200. Peekskill home values have gone up 6.8% over the past year and Zillow predicts they will rise 0.2% within the next year. The median list price per square foot in Peekskill is $158, which is lower than the New York Metro average of $261. The median price of homes currently listed in Peekskill is $225,000 while the median price of homes that sold is $254,500. The median rent price in Peekskill is $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Peekskill 2.4 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.2 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Peekskill is 17.7%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Peekskill homeowners underwater on their mortgage is 26.6%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Peekskill Market Overview

Data through Jul 31, 2014
  • $252,200 ZHVI
  • 0.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $225,000 Median listing price
  • No recent data Median sale price
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Peekskill Market Health

Data through Jul 31, 2014
  • 1.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 26.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 17.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.4 homes Peekskill
1.2 homes New York Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Buchanan $450,600 Croton-on-Hudson $424,100 Crompond $379,300
Shrub Oak $325,200 Cortlandt Manor $319,600 Lake Mohegan $309,500
Town of Stony Point $302,000 West Haverstraw $215,500 Highland Falls $199,200

Listings & Sales

Data through Jul 31, 2014
  • $158 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 45.1% Listings with price cut
33.3%
Sold below listing
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Peekskill Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,055 Peekskill
$2,316 New York Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,400 Rent list price
  • $1.56 Rent list price / sq ft
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