Fastest-Appreciating ZIP Codes in Watertown-Fort Drum, NY (2026)

Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.

# ZIP City Home value Rent Cap rate 5-yr growth
1 13693 Three Mile Bay, NY $274,725 $1,062 3.02% 9.9%
2 13607 Alexandria Bay, NY $283,844 $1,044 2.87% 9.3%
3 13622 Chaumont, NY $266,303 $1,152 3.37% 8.4%
4 13618 Cape Vincent, NY $259,354 $1,044 3.14% 7.7%
5 13624 Clayton, NY $329,665 $1,450 3.43% 7.7%
6 13650 Henderson, NY $280,358 $1,044 2.90% 7.7%
7 13685 Sackets Harbor, NY $303,630 $1,413 3.63% 6.9%
8 13619 Carthage, NY $207,774 $1,109 4.16% 6.6%
9 13626 Copenhagen, NY $214,224 $1,044 3.80% 6.3%
10 13638 Carthage, NY $186,577 $1,044 4.36% 6.3%
11 13634 Dexter, NY $247,076 $1,053 3.32% 6.2%
12 13665 Natural Bridge, NY $166,818 $1,044 4.88% 5.9%
13 13612 Black River, NY $251,505 $1,044 3.24% 5.8%
14 13661 Mannsville, NY $228,181 $1,071 3.66% 5.7%
15 13615 Brownville, NY $220,352 $1,044 3.70% 5.6%
16 13637 Evans Mills, NY $269,925 $1,350 3.90% 5.5%
17 13659 Lorraine, NY $169,357 $1,053 4.85% 5.4%
18 13601 Watertown, NY $206,279 $1,578 5.97% 5.4%
19 13682 Rodman, NY $240,314 $1,359 4.41% 5.3%
20 13679 Redwood, NY $226,583 $1,044 3.59% 5.2%
21 13616 Calcium, NY $224,337 $1,278 4.44% 5.2%
22 13691 Theresa, NY $216,963 $1,044 3.75% 5.2%
23 13606 Adams Center, NY $236,871 $1,224 4.03% 4.9%
24 13605 Adams, NY $224,993 $1,044 3.62% 4.7%
25 13673 Philadelphia, NY $204,466 $1,071 4.09% 4.5%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →