Real Estate Investing in New York, New York (10304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10304 (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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10304)?
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Market Analysis: 10304 New York
The 10304 ZIP covers a section of New York that demands careful diligence. Prices near $711K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $711K asset, 10304 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NY picture, 10304 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 10304 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 10304 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:
Property Strategy for 10304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $500,870 | $2,640 | 3.8% | +4.8% | $250,435 |
| 3BR | $674,932 | $3,310 | 3.5% | +4.8% | $224,977 |
| 4BR | $1,007,047 | $3,590 | 2.6% | +4.7% | $251,762 |
| 5BR | $1,239,807 | — | — | +5.0% | $247,961 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10304 Compare?
| Metric | 10304 | New York | New York |
|---|---|---|---|
| Home Value | $711,139 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $2,590 | $3,425 | - |
| Cap Rate | 2.8% | 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 10304 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $711,139 |
| Monthly Rent | $2,590 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 10304
Population: 45,843
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 10304
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
What is the average home sale price in New York, NY?
Expect median prices around $711K in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Does New York, NY make sense for an investment property?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $711K and rents of $2,590/mo drive the underlying numbers.
What is the typical renter like in New York, NY?
New York, NY offers a stable renter base at the $2,590/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking make sense in New York, NY?
House hacking in New York, NY is reasonable to execute. Prices around $711K and rents of $2,590/mo solid owner-occupant economics.
Is New York, NY good for landlords?
New York, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 10304 now. You don’t know where it ranks.
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How 10304 ranks in New York-Newark-Jersey City, NY-NJ-PA
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