Real Estate Investing in Smyrna, New York

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

1 ZIP codes • Population: 1,154 • Chenango County

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Should you buy in Smyrna, 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
2 flags
  • High vacancy: 23.8% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Smyrna, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.1% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $144,720
Avg Monthly Rent $1,152
ZIP Codes 1

Investing in Smyrna Real Estate

Across Smyrna's 1 ZIPs, the picture is sluggish: $145K median values, $1,152/mo rents, and a population that has faced real economic pressure.

clearly Smyrna's aggregate rating of ★★★☆☆ reflects underwhelming investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

plainly Smyrna's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Demographics in Smyrna show real pressure — median income of $N/AK is thin 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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Landlord Ground Truth

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Avg Home Value
$144,720
Avg Monthly Rent
$1,152
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Smyrna, NY

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Filter Smyrna’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 Smyrna, NY

What is the typical renter like in Smyrna, NY?

The renter base in Smyrna, NY is reasonable for the $1,152/mo price point. Screening well and pricing to market typically yields measured tenants.

What kind of market is Smyrna, NY for investors?

Smyrna, NY scores 3.0/5 for investability. Home values sit at $145K and rents near $1,152/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

What is the typical home price in Smyrna, NY?

The median home value in Smyrna, NY is roughly $145K. That puts it reasonable relative to the NY statewide average.

What kind of vacancy should I budget for in Smyrna, NY?

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

Is Smyrna, NY a friendly market for rental owners?

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

Community Ratings

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