In Beacon, 41% of the residents are renting compared to 59% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Beacon’s rentals, 79% are small-scale complexes with under 50 units, and 12% are single-family rentals.
What do typical apartment communities look like in Beacon, NY?
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Beacon are about 50 years old, on average. Of these, 21% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, 19% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
What apartment floorplans are common in Beacon, NY?
Rental apartments in Beacon come in a range of sizes and floorplans. Studio apartments represent 12% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 34% of the total apartments in the city, while 2-bedroom floorplans represent around 35% of all rentals in Beacon. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Living in Beacon, NY
Beacon is a small town located along the Hudson River, approximately 60 miles north of New York City. The town is known for its stunning natural beauty, as well as its artsy downtown area. The Beacon area was originally settled in the 18th century, and there are many historic buildings still standing today that have been preserved. In recent years, Beacon has become a popular weekend destination for NYC residents, but there’s plenty for local renters to love about the area, as well. For instance, Main Street is full of beloved cafes, restaurants and breweries that are popular places to socialize. Meanwhile, the Dia Beacon is a unique art museum showcasing modern works in a converted factory. Beacon renters also love the area’s amazing hiking trails, which are easily accessible from downtown. And, the Beacon Overlook provides panoramic views of the Hudson River and is particularly stunning during the fall.
Renting in Beacon, NY
There are many different types of rental properties available in Beacon. Although it’s a small town, it’s also quite dense. As such, there’s a mix of low-rise apartment complexes, townhomes and some single-family homes. Many older homes in the area have also been converted into multiple apartments. The Beacon area also had a thriving manufacturing center in the 19th century, and some old factories have since been converted into loft apartments. Many New Yorkers have moved here from the city to enjoy a more laidback lifestyle and take advantage of lower rental prices in Beacon. However, this has caused rents in Beacon to increase in the last several years. Consequently, finding an apartment in Beacon can be quite competitive as the town is very small and demand is consistently very high. Thus, renters in Beacon should be prepared to move quickly through the application process and expect to pay a security deposit when moving into a new apartment.
Shopping in Beacon, NY
Renters in Beacon love the area’s charming, locally owned shops that are concentrated around Main Street. In particular, Beacon has an excellent selection of vintage clothing and antique stores. Notably, there are very few national chains with locations in Beacon. So, renters looking for a larger selection of stores will have to travel to Newburgh, which is across the Hudson River from Beacon. There, you’ll find the Newburgh Mall, as well as big-box stores, like Target and Walmart. Meanwhile, the largest grocery store in Beacon is Key Foods, but there are also several smaller, locally owned markets, as well as a natural foods store. Plus, renters have an even wider selection of groceries available in nearby Newburgh, including Stop & Shop; Aldi; and Save A Lot.
Transportation in Beacon, NY
Renters in Beacon have no shortage of transportation options available. Granted, many renters opt to drive, as it’s one of the fastest ways to get around and navigate the area’s hilly terrain. To that end, while most apartments offer free parking, not all do, so be sure to keep this in mind when selecting a rental. Alternatively, there are other transportation options available, as well, for renters who don’t drive. Specifically, the Metro-North train provides service directly from Beacon to Manhattan, as well as to Poughkeepsie and many other towns along the Hudson River. There’s also a ferry service that runs across the river to Newburgh. Or, there are also some local buses to nearby Fishkill, Cold Spring and Poughkeepsie, although service is limited. Most of Beacon proper is walkable and bikeable, as well. Finally, New York Stewart International Airport is the nearest air travel option for Beacon renters.
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