Real Estate Investing in New York, New York (10029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10029 (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.
- Declining values: -2.3% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 31.3% poverty rate — can affect rent collection.
What’s happening in New York, NY (10029)?
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Market Analysis: 10029 New York
Not every below-median market is a bargain. New York's 10029 ZIP shows signals that favor experienced operators who can absorb the risk $769K pricing implies.
The 10029 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 10029 sits on the difficult end of the NY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Stepping back, 74,848 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 10029 is an operator game, not a passive one. Looking more closely, entry prices of $769K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $557,204 | $2,260 | 2.9% | -0.8% | $557,204 |
| 2BR | $784,322 | $2,510 | 2.3% | -0.6% | $392,161 |
| 3BR | $1,587,619 | $3,120 | 1.4% | -1.3% | $529,206 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10029 Compare?
| Metric | 10029 | New York | New York |
|---|---|---|---|
| Home Value | $769,085 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,582 | $3,425 | - |
| Cap Rate | 3.6% | 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 10029 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $769,085 |
| Monthly Rent | $3,582 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 1.4% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | -2.3% ▼ |
| 10-Year CAGR | -0.9% ▼ |
🏠 Rent Trends
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 10029
Population: 74,848
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 10029
Schools in This ZIP Code
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 rate as a rental market?
New York, NY rates 2.0/5 for investability. With median values at $769K and rents near $3,582/mo, the market offers reasonable fundamentals for rental investors.
How should investors approach New York, NY?
Most investors in New York, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Are there empty rentals in New York, NY?
New York, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
How much does a house cost in New York, NY?
In New York, NY the median home value sits at $769K. Against the broader NY market, that reads as reasonable for most investors.
How strong are rents in New York, NY?
The typical rental in New York, NY commands about $3,582/mo monthly. That rent profile steady cash flow against the $769K purchase basis.
You know 10029 now. You don’t know where it ranks.
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How 10029 ranks in New York-Newark-Jersey City, NY-NJ-PA
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