Real Estate Investing in Morristown, New York

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

1 ZIP codes • Population: 401 • Saint Lawrence County

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

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

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

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

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
3 flags
  • High vacancy: 37.3% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
  • Higher unemployment: 8.9% unemployment — tenant risk signal.

What’s happening in Morristown, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 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 $150,299
Avg Monthly Rent $1,260
ZIP Codes 1

Investing in Morristown Real Estate

This is a distressed-leaning corner of New York: Morristown has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

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

Rent trends and price trends in Morristown are both soft, which is the uncomfortable combination that defines distressed-leaning markets in New York.

Morristown'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 Ogdensburg-Massena, NY

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

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Avg Home Value
$150,299
Avg Monthly Rent
$1,260
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Morristown, NY

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Frequently Asked Questions About Morristown, NY

Where do home prices stand in Morristown, NY?

Expect median prices around $150K in Morristown, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.

Is the tenant base reliable in Morristown, NY?

Tenant quality in Morristown, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $1,260/mo.

Is Morristown, NY landlord-friendly?

Landlord-friendliness in Morristown, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Does house hacking make sense in Morristown, NY?

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

Is Morristown, NY a good place for real estate investing?

With a 3.0/5 investability score, Morristown, NY ranks as a solid market for rental property investors. Median prices of $150K and rents of $1,260/mo drive the underlying numbers.

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