Real Estate Investing in New York, New York (10309)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10309 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.2 — hard to cash-flow at these prices.
What’s happening in New York, NY (10309)?
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Market Analysis: 10309 New York
Not every below-median market is a bargain. New York's 10309 ZIP sits at signals that favor experienced operators who can absorb the risk $803K pricing implies.
For an experienced owner, 10309 can be a worth a close look for hunting ground — but the discount at $803K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in New York have seen price recovery that 10309 has not matched. Richmond County data supports the view that the spread is structural rather than temporary.
Demographically, 10309 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.
Strategy in 10309 is an operator game, not a passive one. In practical terms, entry prices of $803K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10309
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $576,420 | $3,290 | 4.1% | +5.3% | $288,210 |
| 3BR | $764,536 | $4,120 | 3.9% | +5.2% | $254,845 |
| 4BR | $1,056,001 | $4,480 | 3.1% | +5.3% | $264,000 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10309 Compare?
| Metric | 10309 | New York | New York |
|---|---|---|---|
| Home Value | $802,808 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $2,014 | $3,425 | - |
| Cap Rate | 2.0% | 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 10309 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $802,808 |
| Monthly Rent | $2,014 |
| Price-to-Rent | 33.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 10309
Population: 34,918
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 10309
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Anthony V. Ceres Elementary School
Edmund Hmieleski Early Childhood Center
Edward J. Patten Elementary School
Herbert N. Richardson 21st Century School
Ignacio Cruz Early Childhood Center
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 do home values compare in New York, NY?
In New York, NY the median home value sits at $803K. Against the broader NY market, that reads as reasonable for most investors.
Is the tenant base reliable in New York, NY?
The renter base in New York, NY is reasonable for the $2,014/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What is the typical rental rate in New York, NY?
The typical rental in New York, NY commands about $2,014/mo monthly. That rent profile reliable cash flow against the $803K purchase basis.
Is New York, NY a good place for real estate investing?
New York, NY reports an investability rating of 2.0/5, with median home values near $803K and average rents around $2,014/mo. That combination puts it in the sturdy tier for investor interest.
What is it like being a landlord in New York, NY?
NY ranks as a tenant-protective state for landlord-tenant law. New York generally follows the statewide framework, so landlords face reasonable operating rules.
You know 10309 now. You don’t know where it ranks.
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How 10309 ranks in New York-Newark-Jersey City, NY-NJ-PA
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