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Real Estate Prices & Overview

Peach Lake median real estate price is $605,343, which is more expensive than 46.3% of the neighborhoods in New York and 75.0% of the neighborhoods in the U.S.

The average rental price in Peach Lake is currently $4,117, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.5% of the neighborhoods in New York.

Peach Lake is a rural neighborhood (based on population density) located in Brewster, New York.

Peach Lake real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Peach Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Peach Lake are 5.8%, which is lower than one will find in 61.4% of American neighborhoods. Demand for real estate in Peach Lake is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Diversity

Did you know that the Peach Lake neighborhood has more Italian and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.7% of this neighborhood's residents have Italian ancestry and 1.3% have Finnish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Peach Lake neighborhood in Brewster are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 93.2% of the neighborhoods in America. In addition, 1.0% 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 78.7% 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 Peach Lake neighborhood, 53.4% 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 23.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.0%), and 8.1% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Peach Lake neighborhood is English, spoken by 76.6% of households. Other important languages spoken here include Spanish, Polish and Italian.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Peach Lake neighborhood in Brewster, NY, residents most commonly identify their ethnicity or ancestry as Italian (27.7%). There are also a number of people of Irish ancestry (16.8%), and residents who report German roots (9.3%), and some of the residents are also of South American ancestry (6.0%), along with some Mexican ancestry residents (5.4%), among others. In addition, 15.8% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Peach Lake neighborhood spend between 15 and 30 minutes commuting one-way to work (29.7% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.1%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (6.8%) and 5.9% of residents also carpool with coworkers, friends, or neighbors 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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