Real Estate Investing in Alfred, New York

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

1 ZIP codes • Population: 4,627 • Allegany County

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

🏠 For Homebuyers
MIXED
Grade C (57/100)

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
2 flags
  • High vacancy: 18.9% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Alfred, NY?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.1% 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 $202,393
Avg Monthly Rent $891
ZIP Codes 1

Investing in Alfred Real Estate

Alfred (New York) spans 1 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

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

clearly Alfred's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

A an established population with $N/AK household income profile is what makes Alfred a challenging rental market — the tenant base is present, but the affordability math is tight.

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

Real numbers from people who own or manage rentals in Alfred, NY. Anonymous, moderated, never written by AI.

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Avg Home Value
$202,393
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (NY)

🎓 Colleges & Universities in Alfred

2 Colleges 5,592 Students 146 Off-Campus Renters
C+
Alfred University
4-Year Private · 1,843 students
C+
SUNY College of Technology at Alfred
4-Year Public · 3,749 students
📍 ~146 students rent off-campus

ZIP Codes in Alfred, NY

Screen every ZIP in Alfred

Filter Alfred’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, NY

What is the rental occupancy rate in Alfred, NY?

Rental vacancy in Alfred, NY is elevated. Investors should budget normal turnover but not chronic empty units.

What is the smart move for investors in Alfred, NY?

A careful cash-flow rentals with hands-on management strategy Alfred, NY best. The market produces reliable results for that approach at the $202K price point.

How expensive is real estate in Alfred, NY?

In Alfred, NY the median home value sits at $202K. Against the broader NY market, that reads as reasonable for most investors.

How strict are landlord regulations in Alfred, NY?

Alfred, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.

Are tenants stable in Alfred, NY?

The tenant pool in Alfred, NY is solid, supported by local employment and population fundamentals. Rents of $891/mo are well-absorbed by the market.

Community Ratings

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