Real Estate Investing in Fort Covington, New York

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

1 ZIP codes • Population: 1,340 • Franklin County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 16.5% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Fort Covington, NY?

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3.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

1.8% 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 $121,856
Avg Monthly Rent $936
ZIP Codes 1

Investing in Fort Covington Real Estate

Fort Covington, NY covers 1 ZIP codes and a population but the investment metrics here are lackluster — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Fort Covington is in that category.

Market conditions in Fort Covington are underwhelming. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Fort Covington's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Malone, NY

Fort Covington is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

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Avg Home Value
$121,856
Avg Monthly Rent
$936
1% Rule
✗ Below
Landlord Friendly (NY)

📉 Market Crash Risk Index

Based on Malone, NY metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

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☀️ Warm Market — Malone, NY metro
0
Days to pending
6.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Fort Covington, NY

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Filter Fort Covington’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 Fort Covington, NY

What is the rental occupancy rate in Fort Covington, NY?

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

Which investment style suits Fort Covington, NY?

Most investors in Fort Covington, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

What is the average home sale price in Fort Covington, NY?

Fort Covington, NY median home values land near $122K. That is reasonable territory for investors looking at $936/mo-per-month rentals.

Is NY a landlord-friendly state?

NY ranks as a tenant-protective state for landlord-tenant law. Fort Covington generally follows the statewide framework, so landlords face reasonable operating rules.

Is the tenant base reliable in Fort Covington, NY?

Fort Covington, NY offers a stable renter base at the $936/mo rent level. Tenant turnover is reasonable for well-managed properties.

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