Real Estate Investing in New York, New York (10010)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10010 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 15.4% of homes vacant — above national norms.
- Declining values: -2.3% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10010)?
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Market Analysis: 10010 New York
ZIP 10010 in New York, NY carries a substantial set of headwinds. Home values near $1.3M and rents of $5,389/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 10010 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in New York have seen price recovery that 10010 has not matched. New York County data supports the view that the spread is structural rather than temporary.
The demographic picture in 10010 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 10010 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10010
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $932,472 | $3,430 | 2.6% | -0.5% | $932,472 |
| 2BR | $1,981,245 | $3,760 | 1.4% | +1.2% | $990,623 |
| 3BR | $3,717,197 | $4,710 | 0.9% | +4.4% | $1,239,066 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10010 Compare?
| Metric | 10010 | New York | New York |
|---|---|---|---|
| Home Value | $1,324,787 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $5,389 | $3,425 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10010 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,324,787 |
| Monthly Rent | $5,389 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 0.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | -2.3% ▼ |
| 10-Year CAGR | -1.5% ▼ |
🏠 Rent Trends
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10010
Population: 31,905
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 10010
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ACADEMY FOR SOFTWARE ENGINEERING
EAST SIDE COMMUNITY SCHOOL
EAST VILLAGE COMMUNITY SCHOOL (THE)
HARVEST COLLEGIATE HIGH SCHOOL
LANDMARK HIGH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How tight is the rental market in New York, NY?
Occupancy in New York, NY runs even-keeled with elevated vacancy. Well-priced units at $5,389/mo lease on reasonable timelines.
Is New York, NY good for landlords?
The landlord environment in New York, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in New York, NY?
Investors in New York, NY typically see rents near $5,389/mo per month against $1.3M home values - a solid setup for rental cash flow.
What is the tenant pool like in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $5,389/mo.
What is the investability score for New York, NY?
New York, NY rates 2.0/5 for investability. With median values at $1.3M and rents near $5,389/mo, the market offers reasonable fundamentals for rental investors.
You know 10010 now. You don’t know where it ranks.
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How 10010 ranks in New York-Newark-Jersey City, NY-NJ-PA
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