Real Estate Investing in New York, New York (10039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10039 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 24.7% poverty rate — can affect rent collection.
- Higher unemployment: 9.9% unemployment — tenant risk signal.
What’s happening in New York, NY (10039)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10039 New York
On the rental side, ZIP 10039 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $654K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 10039 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NY picture, 10039 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 10039 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.
Experienced landlords with local relationships tend to find 10039 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:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10039 Compare?
| Metric | 10039 | New York | New York |
|---|---|---|---|
| Home Value | $653,865 | $572,493 | $505,608 |
| 5-Year CAGR | 4.7% | 1.2% | 6.6% |
| Avg Rent | $3,225 | $3,425 | - |
| Cap Rate | 3.9% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10039 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $653,865 |
| Monthly Rent | $3,225 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 10039
Population: 30,512
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 10039
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Eleanor Van Gelder
George Washington School
School No. 1
School No. 2
School No. 3
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
Are homes affordable in New York, NY?
In New York, NY the median home value sits at $654K. Against the broader NY market, that reads as reasonable for most investors.
Which investment style suits New York, NY?
For New York, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the tenant pool like in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report measured occupancy at market rents of $3,225/mo.
How high is vacancy risk in New York, NY?
Occupancy in New York, NY runs measured with elevated vacancy. Well-priced units at $3,225/mo lease on reasonable timelines.
How strict are landlord regulations in New York, NY?
NY law tenant-protective for landlords, and New York inherits those rules. Investors should still review local ordinances for rental licensing.
You know 10039 now. You don’t know where it ranks.
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How 10039 ranks in New York-Newark-Jersey City, NY-NJ-PA
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