Poughkeepsie, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Poughkeepsie, New York rental market.
Poughkeepsie, New York
Average Apartment Rent
$2,077
Y-o-Y Change in Average
Apartment Rent
3.7%
As of November 2024
Compared to a year ago, Poughkeepsie, New York apartments have recorded a 3.7% rent increase.
Poughkeepsie, New York Average apartment rent trend
Poughkeepsie, New York Average Apartment Rent
Poughkeepsie, New York Apartment rent ranges
At 50.59%, apartments priced $1,500 - $2,000 represent the bulk of Poughkeepsie, New York rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.35%.
Poughkeepsie, New York Housing tenure**
Renters take up 63% of Poughkeepsie, New York real estate, occupying a total of 8,502 units, while homeowners live in 5,089 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$36,706
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
2.4%
Poughkeepsie, New York Renter-occupied housing units by no. of bedrooms**
There are 2,871 rentals in Poughkeepsie, New York with 1 bed making up the highest share of the market, at 34%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 173 units. Overall, the median number of rooms in Poughkeepsie, New York homes for rent is 4.
Poughkeepsie, New York Renter-occupied units by age of householder**
Most condos for rent in Poughkeepsie, New York are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Poughkeepsie, New York Renter-occupied housing units by family type**
Poughkeepsie, New York Renter-occupied housing units by the presence of own children**
A total of 4,030 apartments for rent in Poughkeepsie, New York, or 47% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,664 units. All in all, the median size of a renter-occupied household in Poughkeepsie, New York is 2.25.
Poughkeepsie, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Poughkeepsie, New York.
Poughkeepsie, New York Renter-occupied units by year structure built**
The highest share of Poughkeepsie, New York apartment rentals, namely 42% or 3,541 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (14%, 1,153 units), and the ones Built 1960 - 1969 (10%, 831 units).
Poughkeepsie, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Poughkeepsie, New York renters (50%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Poughkeepsie, New York condos for rent is 2015.
Poughkeepsie, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Poughkeepsie, New York renters have 1 vehicle available per household, 30% of them have No vehicle available, and 14% have 2 vehicles available.
Poughkeepsie, New York Means of transportation to work of householders living in renter-occupied housing units**
Poughkeepsie, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
Poughkeepsie, New York Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Poughkeepsie, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
