Real Estate Investing in Lake Peekskill, New York (10537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10537 (Lake Peekskill, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lake Peekskill, NY (10537)?
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Market Analysis: 10537 Lake Peekskill
ZIP 10537 inside Putnam County looks affordable on the surface — median value of $436K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $3,159/mo on a $436K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 10537 sits below the stated 0.0% once reality is priced in.
In the broader NY picture, 10537 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 10537 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 10537 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lake Peekskill:
Property Strategy for 10537
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $385,156 | $3,510 | 6.6% | +9.4% | $192,578 |
| 3BR | $453,410 | $4,400 | 7.0% | +8.9% | $151,137 |
Market Trends
Home Value History (with trend line)
📊 How Does 10537 Compare?
| Metric | 10537 | Lake Peekskill | New York |
|---|---|---|---|
| Home Value | $435,796 | $435,796 | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | 6.6% |
| Avg Rent | $3,159 | $3,159 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10537 (Lake Peekskill, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $435,796 |
| Monthly Rent | $3,159 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10537
Population: 2,418
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 10537
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
VAN CORTLANDTVILLE SCHOOL
GARRISON SCHOOL
GEORGE WASHINGTON ELEMENTARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What real estate strategy is ideal for Lake Peekskill, NY?
The best-fit strategy in Lake Peekskill, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the renter demographic in Lake Peekskill, NY?
Tenant demand in Lake Peekskill, NY is solid. The local workforce $3,159/mo rents across most rental classes.
How much is rent in Lake Peekskill, NY?
Rental rates in Lake Peekskill, NY average $3,159/mo. Tenant demand and $436K home values make the yield look reasonable by investor standards.
Do landlords face vacancy issues in Lake Peekskill, NY?
Lake Peekskill, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Lake Peekskill, NY?
NY law tenant-protective for landlords, and Lake Peekskill inherits those rules. Investors should still review local ordinances for rental licensing.
You know 10537 now. You don’t know where it ranks.
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How 10537 ranks in New York-Newark-Jersey City, NY-NJ-PA
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