Real Estate Investing in Philadelphia, New York

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

1 ZIP codes • Population: 1,983 • Jefferson County

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

🏠 For Homebuyers
MIXED
Grade C (64/100)

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: 16.3% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Philadelphia, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.5% 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 $204,466
Avg Monthly Rent $1,071
ZIP Codes 1

Investing in Philadelphia Real Estate

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

Philadelphia is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Philadelphia at $1,071/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.

Demographics in Philadelphia show real pressure — median income of $N/AK is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Watertown-Fort Drum, NY

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$204,466
Avg Monthly Rent
$1,071
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Philadelphia, NY

Screen every ZIP in Philadelphia

Filter Philadelphia’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 Philadelphia, NY

How strong is Philadelphia, NY for real estate investors?

Our data puts Philadelphia, NY at 3.0/5 for investability. Home prices of $204K and rents around $1,071/mo create a solid backdrop for investor activity.

What is the renter demographic in Philadelphia, NY?

Tenant demand in Philadelphia, NY is solid. The local workforce $1,071/mo rents across most rental classes.

How should investors approach Philadelphia, NY?

A careful cash-flow rentals with hands-on management strategy Philadelphia, NY best. The market produces consistent results for that approach at the $204K price point.

Where do home prices stand in Philadelphia, NY?

Expect median prices around $204K in Philadelphia, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.

Are there empty rentals in Philadelphia, NY?

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

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