Real Estate Investing in Friendship, New York

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1 ZIP codes • Population: 2,494 • Allegany County

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

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (57/100)

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

⚠️ Risks to Know
3 flags
  • High vacancy: 32.4% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
  • Elevated poverty: 21.5% poverty rate — can affect rent collection.

What’s happening in Friendship, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.2% 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 $117,019
Avg Monthly Rent $936
ZIP Codes 1

Investing in Friendship Real Estate

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

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. Friendship is in that category.

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

The 0% renter share in Friendship 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
$117,019
Avg Monthly Rent
$936
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Friendship, NY

Screen every ZIP in Friendship

Filter Friendship’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 Friendship, NY

What kind of market is Friendship, NY for investors?

Friendship, NY rates 3.0/5 for investability. With median values at $117K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.

How deep is the rental pool in Friendship, NY?

Working renters make up the core of the Friendship, NY tenant base. The pool is reasonable for investors targeting long-term holds.

Are there empty rentals in Friendship, NY?

Vacancy risk in Friendship, NY is elevated. That supports stable cash flow for typical rental holds.

What does house hacking look like in Friendship, NY?

House hacking works a challenging in Friendship, NY. Rents of $936/mo against $117K acquisition make the strategy solid for owner-occupants.

Are rents high in Friendship, NY?

Average rent in Friendship, NY is approximately $936/mo per month. Against $117K home values that yields a reasonable rent-to-price ratio.

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