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Real Estate Prices & Overview

Peekskill Southwest median real estate price is $457,940, which is more expensive than 36.2% of the neighborhoods in New York and 58.8% of the neighborhoods in the U.S.

The average rental price in Peekskill Southwest is currently $4,000, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 70.7% of the neighborhoods in New York.

Peekskill Southwest is an urban neighborhood (based on population density) located in Peekskill, New York.

Peekskill Southwest real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Peekskill Southwest neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 8.8% in Peekskill Southwest. NeighborhoodScout analysis shows that this rate is lower than 41.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Peekskill, the Peekskill Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Peekskill Southwest neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Peekskill Southwest neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 17.7% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.3% of all neighborhoods in America.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Peekskill Southwest neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 38.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.9% of America's neighborhoods.

People

According to NeighborhoodScout's research, Peekskill Southwest is better suited for first-time home buyers than 88.2% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in New York. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Diversity

Did you know that the Peekskill Southwest neighborhood has more South American and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 16.1% of this neighborhood's residents have South American ancestry and 8.8% have Dominican ancestry.

Peekskill Southwest is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 97.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Peekskill Southwest neighborhood in Peekskill are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 41.2% of the neighborhoods in America. In addition, 6.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 57.7% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Peekskill Southwest neighborhood, 49.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 32.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.2%), and 4.5% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Peekskill Southwest neighborhood is English, spoken by 62.3% of households. Some people also speak Spanish (33.0%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Peekskill Southwest neighborhood in Peekskill, NY, residents most commonly identify their ethnicity or ancestry as South American (16.1%). There are also a number of people of Irish ancestry (12.2%), and residents who report Italian roots (11.1%), and some of the residents are also of German ancestry (10.7%), along with some Dominican ancestry residents (8.8%), among others. In addition, 24.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Peekskill Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (26.4% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (17.7%) who commute over an hour in each direction.

Here most residents (62.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.0%) and 8.5% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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