Real Estate Investing in New York, New York (10021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10021 (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: 29.3% of homes vacant — above national norms.
- Declining values: -3.1% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 30.9 — hard to cash-flow at these prices.
What’s happening in New York, NY (10021)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10021 New York
Stepping back, ZIP 10021 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.5M median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 10021 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 10021 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 10021 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 10021, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $787,106 | $3,990 | 3.6% | +0.4% | $787,106 |
| 2BR | $1,601,812 | $4,370 | 2.0% | -0.5% | $800,906 |
| 3BR | $2,811,485 | $5,470 | 1.4% | +1.1% | $937,162 |
| 4BR | $4,815,233 | $5,950 | 0.9% | +1.8% | $1,203,808 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10021 Compare?
| Metric | 10021 | New York | New York |
|---|---|---|---|
| Home Value | $1,510,567 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $4,075 | $3,425 | - |
| Cap Rate | 2.1% | 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 10021 (New York, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 10021 (New York, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $1,510,567 |
| Monthly Rent | $4,075 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | -3.1% ▼ |
| 10-Year CAGR | -1.5% ▼ |
🏠 Rent Trends
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 10021
Population: 39,479
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 10021
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ELLA BAKER SCHOOL
GLOBAL LEARNING COLLABORATIVE (THE)
HIGH SCHOOL FOR CLIMATE JUSTICE (THE)
HIGH SCHOOL OF ARTS AND TECHNOLOGY
URBAN ASSEMBLY SCHOOL FOR GREEN CAREERS (THE)
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 does New York, NY stack up for property investment?
New York, NY rates 2.0/5 for investability. With median values at $1.5M and rents near $4,075/mo, the market offers reasonable fundamentals for rental investors.
What is the average monthly rent in New York, NY?
Rental rates in New York, NY average $4,075/mo. Tenant demand and $1.5M home values make the yield look reasonable by investor standards.
Are there empty rentals in New York, NY?
Expect elevated vacancy in New York, NY. Rents at $4,075/mo are absorbed by the tenant base without meaningful lag.
Does a duplex house hack pencil in New York, NY?
New York, NY offers a tougher house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $4,075/mo rent level.
Is New York, NY better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in New York, NY. With home values at $1.5M and rents near $4,075/mo, other strategies can work but produce steady rather than outsized returns.
You know 10021 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 10021 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 10021 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 10021 (New York)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 10021 (New York, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.