Real Estate Investing in New York, New York (10302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10302 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10302)?
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Market Analysis: 10302 New York
ZIP 10302 inside Richmond County looks affordable on the surface — median value of $646K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 10302 is durable only for operators who understand what they are buying. A $646K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Put differently, 10302 offers a low basis, the region around New York has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From an investor standpoint, 19,693 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.
Distressed ZIPs reward experience. sturdy returns are possible in 10302, 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 10302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $607,196 | $3,520 | 4.2% | +4.8% | $202,399 |
| 4BR | $644,103 | $3,820 | 4.3% | +4.4% | $161,026 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10302 Compare?
| Metric | 10302 | New York | New York |
|---|---|---|---|
| Home Value | $645,919 | $572,493 | $505,608 |
| 5-Year CAGR | 3.9% | 1.2% | 6.6% |
| Avg Rent | $3,166 | $3,425 | - |
| Cap Rate | 3.8% | 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 10302 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $645,919 |
| Monthly Rent | $3,166 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 10302
Population: 19,693
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 10302
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Benjamin Franklin School No. 13
George Washington Academy School No. 1
Henry E. Harris Community School
iPrep Academy School No 8
John M. Bailey Community School
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 quickly do rentals get leased in New York, NY?
New York, NY carries elevated vacancy risk. Expect measured absorption at market rents of $3,166/mo.
Which real estate strategy fits New York, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $646K homes against $3,166/mo rents - support that play.
How deep is the rental pool in New York, NY?
The tenant pool in New York, NY is solid, supported by local employment and population fundamentals. Rents of $3,166/mo are well-absorbed by the market.
Is New York, NY a friendly market for rental owners?
For rental operators, New York, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Is New York in NY worth investing in?
Investors tracking New York, NY will find a 3.0/5 rating supported by $646K median home values and $3,166/mo rents. That profile suits long-term holders targeting measured returns.
You know 10302 now. You don’t know where it ranks.
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How 10302 ranks in New York-Newark-Jersey City, NY-NJ-PA
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