Real Estate Investing in New York, New York (10034)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10034 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -4.2% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 4.5% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10034)?
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Market Analysis: 10034 New York
Investors eyeing 10034 need to respect the fundamentals at play. Home values of $449K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $449K asset, 10034 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in New York have seen price recovery that 10034 has not matched. New York County data supports the view that the spread is structural rather than temporary.
Demographically, 10034 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10034
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $385,056 | $2,520 | 4.7% | -0.4% | $385,056 |
| 2BR | $531,652 | $2,760 | 3.7% | +0.4% | $265,826 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10034 Compare?
| Metric | 10034 | New York | New York |
|---|---|---|---|
| Home Value | $448,580 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,549 | $3,425 | - |
| Cap Rate | 4.4% | 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 10034 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,580 |
| Monthly Rent | $2,549 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 0.3% |
📈 Home Appreciation
| 1-Year | -4.5% ▼ |
| 3-Year CAGR | -3.3% ▼ |
| 5-Year CAGR | -4.2% ▼ |
| 10-Year CAGR | +0.1% ▲ |
🏠 Rent Trends
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 10034
Population: 39,037
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 10034
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
Investor Insight: With 574 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in New York, NY?
The typical rental in New York, NY commands about $2,549/mo monthly. That rent profile steady cash flow against the $449K purchase basis.
Is it easy to find good tenants in New York, NY?
Expect a solid tenant pool in New York, NY. The rental market absorbs $2,549/mo rents without meaningful friction.
Should investors worry about vacancy in New York, NY?
Occupancy in New York, NY runs consistent with elevated vacancy. Well-priced units at $2,549/mo lease on reasonable timelines.
Is New York, NY suited for a house hack?
The house hack math a challenging in New York, NY. Owner-occupant buyers benefit from the $2,549/mo rents and $449K home values.
What real estate strategy is ideal for New York, NY?
In New York, NY the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $449K prices and $2,549/mo rents suits that approach.
You know 10034 now. You don’t know where it ranks.
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How 10034 ranks in New York-Newark-Jersey City, NY-NJ-PA
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