Real Estate Investing in New York, New York (10308)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10308 (New York, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
What’s happening in New York, NY (10308)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10308 New York
ZIP 10308 in New York, NY carries a sturdy set of headwinds. Home values near $740K and rents of $2,600/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $740K asset, 10308 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 10308's metrics run below Richmond County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 10308 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. healthy returns are possible in 10308, 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 10308
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $568,572 | $2,780 | 3.5% | +5.3% | $284,286 |
| 3BR | $730,149 | $3,480 | 3.4% | +5.0% | $243,383 |
| 4BR | $862,093 | $3,780 | 3.2% | +5.1% | $215,523 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10308 Compare?
| Metric | 10308 | New York | New York |
|---|---|---|---|
| Home Value | $739,738 | $572,493 | $505,608 |
| 5-Year CAGR | 4.1% | 1.2% | 6.6% |
| Avg Rent | $2,600 | $3,425 | - |
| Cap Rate | 2.7% | 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 10308 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $739,738 |
| Monthly Rent | $2,600 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 10308
Population: 29,996
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 10308
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PS 38 GEORGE CROMWELL
IS 2 GEORGE L EGBERT
PS 4 MAURICE WOLLIN
PS 23 RICHMONDTOWN
PS 50 FRANK HANKINSON
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 rents high in New York, NY?
Investors in New York, NY typically see rents near $2,600/mo per month against $740K home values - a solid setup for rental cash flow.
What type of investing works in 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.
Should investors worry about vacancy in New York, NY?
Rental vacancy in New York, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is New York, NY a friendly market for rental owners?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is real estate in New York, NY a good investment right now?
New York, NY shows an investability rating of 3.0/5, with median home values near $740K and average rents around $2,600/mo. That combination puts it in the robust tier for investor interest.
You know 10308 now. You don’t know where it ranks.
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How 10308 ranks in New York-Newark-Jersey City, NY-NJ-PA
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