Mortgage Rates in Peekskill, New York — March 2026
Updated March 2026 | Based on Peekskill market data and regional lending conditions
Peekskill is a growing city in New York with a population of 24,229. The current 30-year fixed mortgage rate in Peekskill is 6.79%, which is 0.14% above the national average. With a median home price of $349,000 and a 20% down payment of $69,800, homebuyers can expect a monthly principal and interest payment of approximately $1,818.
Current Mortgage Rates in Peekskill, NY
Below are the current average mortgage rates available in the Peekskill area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Peekskill Housing Market Overview
The Peekskill housing market reflects moderate demand with prices near the national average. The median household income in Peekskill is $74,800, and the cost of living index is 131.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $99,986 to comfortably afford the median-priced home in Peekskill, which exceeds the current median household income.
Monthly Payment Breakdown for Peekskill
Based on the median home price of $349,000 with 20% down ($69,800), here is what you can expect to pay monthly in Peekskill:
15-Year vs. 30-Year Mortgage in Peekskill
Choosing a 15-year mortgage in Peekskill at 6.03% instead of a 30-year at 6.79% would save you $229,500 in total interest over the life of the loan. However, your monthly payment would be $2,361 instead of $1,818 — an increase of $543 per month.
Calculate Your Peekskill Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Peekskill
What are the current mortgage rates in Peekskill, NY?
As of March 2026, the average 30-year fixed mortgage rate in Peekskill, New York is 6.79%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Peekskill?
Based on the median home price of $349,000 with 20% down, the estimated monthly mortgage payment in Peekskill is $1,818 for principal and interest. Including property taxes of $515/month, the total monthly housing cost is approximately $2,333.
What income do I need to buy a home in Peekskill?
Using the 28% rule, you would need an annual income of approximately $99,986 to afford the median-priced home in Peekskill at $349,000. The median household income in Peekskill is $74,800. This means most households would need to either earn above the median or consider homes below $349,000.
Is Peekskill a good place to buy a home in 2026?
Peekskill has a higher cost of living than average with a cost of living index of 131.4 (national average = 100). The property tax rate in New York is 1.77%, which is above the national average. Peekskill has a population of 24,229 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Peekskill, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.