Real Estate Investing in Waterville, New York

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

1 ZIP codes • Population: 3,454 • Oneida County

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

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 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
2 flags
  • Elevated vacancy: 10.2% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Waterville, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.5% 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 $232,524
Avg Monthly Rent $1,071
ZIP Codes 1

Investing in Waterville Real Estate

Across Waterville's 1 ZIPs, the picture is underwhelming: $233K median values, $1,071/mo rents, and a population that has faced real economic pressure.

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. Waterville is in that category.

Rents in Waterville 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.

The 0% renter share in Waterville 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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Best ZIP codes in Utica-Rome, NY

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$232,524
Avg Monthly Rent
$1,071
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Waterville, NY

Screen every ZIP in Waterville

Filter Waterville’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 Waterville, NY

What real estate strategy is ideal for Waterville, NY?

The best-fit strategy in Waterville, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How do home values compare in Waterville, NY?

Median home price in Waterville, NY is near $233K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.

What are rental rates like in Waterville, NY?

Rents in Waterville, NY run near $1,071/mo. Compared with median home prices of $233K that produces solid gross yields for typical rentals.

What kind of tenants rent in Waterville, NY?

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

Do landlords face vacancy issues in Waterville, NY?

Waterville, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

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