Real Estate Investing in New York, New York (10022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10022 (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: 27.8% of homes vacant — above national norms.
- Declining values: -0.8% 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 (10022)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10022 New York
The 10022 ZIP covers a section of New York that demands careful diligence. Prices near $1.2M look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 10022 can be a a viable market for hunting ground — but the discount at $1.2M reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in New York have seen price recovery that 10022 has not matched. New York County data supports the view that the spread is structural rather than temporary.
Resident income in 10022 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans 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 10022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $730,490 | $3,990 | 3.9% | +0.4% | $730,490 |
| 2BR | $1,388,474 | $4,370 | 2.3% | +0.6% | $694,237 |
| 3BR | $2,328,851 | $5,470 | 1.7% | +2.4% | $776,284 |
| 4BR | $3,765,587 | $5,950 | 1.1% | +6.2% | $941,397 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10022 Compare?
| Metric | 10022 | New York | New York |
|---|---|---|---|
| Home Value | $1,180,192 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $5,146 | $3,425 | - |
| Cap Rate | 3.4% | 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 10022 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,180,192 |
| Monthly Rent | $5,146 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 2.6% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | -0.8% ▼ |
| 10-Year CAGR | -1.2% ▼ |
🏠 Rent Trends
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 10022
Population: 34,340
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 10022
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ELLA BAKER SCHOOL
TALENT UNLIMITED HIGH SCHOOL
VANGUARD HIGH SCHOOL
URBAN ACADEMY LABORATORY HIGH SCHOOL
EAST SIDE ELEMENTARY SCHOOL-PS 267
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?
New York, NY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $5,146/mo.
Are homes affordable in New York, NY?
New York, NY home values average about $1.2M. That price point suits investors targeting rentals with $5,146/mo in monthly income.
Is New York, NY a good place for real estate investing?
New York, NY clocks in at an investability rating of 2.0/5, with median home values near $1.2M and average rents around $5,146/mo. That combination puts it in the significant tier for investor interest.
How landlord-friendly is New York, NY?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What monthly rent should investors expect in New York, NY?
Average rent in New York, NY is approximately $5,146/mo per month. Against $1.2M home values that yields a reasonable rent-to-price ratio.
You know 10022 now. You don’t know where it ranks.
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How 10022 ranks in New York-Newark-Jersey City, NY-NJ-PA
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