Real Estate Investing in Baldwin Place, New York (10505)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10505 (Baldwin Place, 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.
- High price-to-rent: Price-to-rent ratio 35.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Baldwin Place, NY (10505)?
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Market Analysis: 10505 Baldwin Place
Not every below-median market is a bargain. Baldwin Place's 10505 ZIP records signals that favor experienced operators who can absorb the risk $1.1M pricing implies.
Meanwhile, the numbers look inviting — $1.1M purchase price, 0.0% nominal cap — the work to hit that pro forma in 10505 is substantial and deserves full respect.
Within NY, ZIP 10505 trails on several market indicators that neighboring Westchester County submarkets outperform. The gap is real and impressive enough to shape underwriting.
A impressive renter share of 35% in 10505 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 10505 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 Baldwin Place:
Market Trends
Home Value History (with trend line)
📊 How Does 10505 Compare?
| Metric | 10505 | Baldwin Place | New York |
|---|---|---|---|
| Home Value | $1,075,598 | $1,075,598 | $505,608 |
| 5-Year CAGR | 7.7% | 7.7% | 6.6% |
| Avg Rent | $2,556 | $2,556 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10505 (Baldwin Place, NY). Anonymous, moderated, never written by AI.
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Property managers serving Westchester County
Manage rentals here? List your business →Comfort Usukumah is a REALTOR specializing in assisting buyers and sellers in New York, providing access to all listings and home value discussions. summary from their website
Real Property Management Westchester is a property management company serving Westchester, NY. summary from their website
Igor Krasnoperov helps clients sell their homes with a guaranteed price. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,075,598 |
| Monthly Rent | $2,556 |
| Price-to-Rent | 35.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.9%). 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 10505
Population: 1,295
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 10505
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
AUSTIN ROAD ELEMENTARY SCHOOL
FULMAR ROAD ELEMENTARY SCHOOL
LAKEVIEW ELEMENTARY SCHOOL
PRIMROSE SCHOOL
SOMERS INTERMEDIATE 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
Is housing expensive in Baldwin Place, NY?
Expect median prices around $1.1M in Baldwin Place, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is it easy to find good tenants in Baldwin Place, NY?
Baldwin Place, NY offers a measured renter base at the $2,556/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Baldwin Place in NY worth investing in?
Baldwin Place, NY rates 3.0/5 for investability. With median values at $1.1M and rents near $2,556/mo, the market offers reasonable fundamentals for rental investors.
Is Baldwin Place, NY a friendly market for rental owners?
Baldwin Place, NY operates under NY law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How strong are rents in Baldwin Place, NY?
Rent in Baldwin Place, NY is around $2,556/mo. The resulting rent-to-value relationship with $1.1M pricing is reasonable for most investor models.
You know 10505 now. You don’t know where it ranks.
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How 10505 ranks in New York-Newark-Jersey City, NY-NJ-PA
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