Real Estate Investing in Penfield, New York

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

1 ZIP codes • Population: 19,348 • Monroe County

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

🏠 For Homebuyers
GOOD FIT
Grade B (81/100)

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

📈 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
1 flag
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Penfield, NY?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.5% 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 $405,854
Avg Monthly Rent $1,543
ZIP Codes 1

Investing in Penfield Real Estate

Penfield, NY covers 1 ZIP codes and a population but the investment metrics here are subdued — 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. Penfield is in that category.

Rents in Penfield at $1,543/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Distressed-leaning demographics in Penfield — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Rochester, NY

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

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Property managers serving Monroe County

Manage rentals here? List your business →

Turn-Key Property Management is a full-service company specializing in residential properties of all sizes, serving the community since 1983. summary from their website

Single-family
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Gallagher Property Management helps individuals find their perfect rental home and provides property management services. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$405,854
Avg Monthly Rent
$1,543
1% Rule
✗ Below
Landlord Friendly (NY)

📉 Market Crash Risk Index

Based on Rochester, NY metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
13%
Days Pending
0/2
20 days

View all metro crash risk rankings →

☀️ Warm Market — Rochester, NY metro
20
Days to pending
7.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Penfield, NY

Screen every ZIP in Penfield

Filter Penfield’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 Penfield, NY

What strategy should investors use in Penfield, NY?

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

Should investors consider Penfield, NY?

Our data puts Penfield, NY at 3.0/5 for investability. Home prices of $406K and rents around $1,543/mo create a solid backdrop for investor activity.

Are homes affordable in Penfield, NY?

In Penfield, NY the median home value sits at $406K. Against the broader NY market, that reads as reasonable for most investors.

What is it like being a landlord in Penfield, NY?

Penfield, NY operates under NY law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.

What does house hacking look like in Penfield, NY?

Penfield, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,543/mo rent level.

Community Ratings

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