Real Estate Investing in Bedford, New York (10506)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10506 (Bedford, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 35.7 — 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 Bedford, NY (10506)?
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Market Analysis: 10506 Bedford
ZIP 10506 inside Westchester County looks affordable on the surface — median value of $1.7M — but the discount exists for reasons that a careful buyer should understand before committing.
The 10506 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Stepping back, 10506 offers a low basis, the region around Bedford has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 10506 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.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Bedford:
Property Strategy for 10506
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,177,755 | $5,470 | 3.3% | +9.7% | $392,585 |
| 4BR | $1,551,838 | $5,950 | 2.8% | +10.8% | $387,960 |
| 5BR | $2,622,675 | — | — | +11.3% | $524,535 |
Market Trends
Home Value History (with trend line)
📊 How Does 10506 Compare?
| Metric | 10506 | Bedford | New York |
|---|---|---|---|
| Home Value | $1,686,023 | $1,686,023 | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | 6.6% |
| Avg Rent | $3,933 | $3,933 | - |
| Cap Rate | 1.8% | 1.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10506 (Bedford, 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 | $1,686,023 |
| Monthly Rent | $3,933 |
| Price-to-Rent | 35.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (1.8%). 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 10506
Population: 6,246
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 10506
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
Investor Insight: With 2,933 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Bedford, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bedford, NY. The numbers - $1.7M homes against $3,933/mo rents - support that play.
How strong is the working-renter base in Bedford, NY?
Tenant demand in Bedford, NY is solid. The local workforce $3,933/mo rents across most rental classes.
Are landlord laws favorable in Bedford, NY?
Bedford, NY operates under NY law, which is tenant-protective overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Does house hacking work in Bedford, NY?
House hacking works a tougher in Bedford, NY. Rents of $3,933/mo against $1.7M acquisition make the strategy solid for owner-occupants.
Are homes affordable in Bedford, NY?
Bedford, NY median home values land near $1.7M. That is reasonable territory for investors looking at $3,933/mo-per-month rentals.
You know 10506 now. You don’t know where it ranks.
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How 10506 ranks in New York-Newark-Jersey City, NY-NJ-PA
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