Real Estate Investing in Alfred Station, New York

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,491 • Allegany County

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Should you buy in Alfred Station, NY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
4 flags
  • High vacancy: 15.4% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
  • Elevated poverty: 24.7% poverty rate — can affect rent collection.
  • Higher unemployment: 10.5% unemployment — tenant risk signal.

What’s happening in Alfred Station, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $201,754
Avg Monthly Rent $873
ZIP Codes 1

Investing in Alfred Station Real Estate

Across Alfred Station's 1 ZIPs, the picture is sluggish: $202K median values, $873/mo rents, and a population that has faced real economic pressure.

Investors considering Alfred Station, NY should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Alfred Station has thinned in a way that amplifies price discovery risk. Turning to rents, investors without local context should treat every number on the page with skepticism.

The 0% renter share in Alfred Station masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$201,754
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Alfred Station, NY

Screen every ZIP in Alfred Station

Filter Alfred Station’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Alfred Station, NY

Is Alfred Station, NY a good place for real estate investing?

The 3.0/5 investability rating in Alfred Station, NY reflects its $202K prices and $873/mo rents. Investors generally consider it a solid option within NY.

How much is rent in Alfred Station, NY?

Rental rates in Alfred Station, NY average $873/mo. Tenant demand and $202K home values make the yield look reasonable by investor standards.

What approach is best for Alfred Station, NY real estate?

For Alfred Station, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

What are vacancy rates like in Alfred Station, NY?

Alfred Station, NY carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.

Does house hacking make sense in Alfred Station, NY?

The a challenging house-hack environment in Alfred Station, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

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