Real Estate Investing in Cold Spring, New York (10516)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10516 (Cold Spring, 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: 11.7% 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 25.1 — 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 Cold Spring, NY (10516)?
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Market Analysis: 10516 Cold Spring
The 10516 ZIP covers a section of Cold Spring that demands careful diligence. Prices near $746K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 10516 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 10516 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 25% in 10516 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 10516, 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 Cold Spring:
Property Strategy for 10516
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $581,465 | $2,750 | 3.4% | +7.2% | $290,732 |
| 3BR | $711,240 | $3,440 | 3.5% | +7.4% | $237,080 |
| 4BR | $896,464 | $3,740 | 3.0% | +7.7% | $224,116 |
Market Trends
Home Value History (with trend line)
📊 How Does 10516 Compare?
| Metric | 10516 | Cold Spring | New York |
|---|---|---|---|
| Home Value | $745,555 | $745,555 | $505,608 |
| 5-Year CAGR | 5.9% | 5.9% | 6.6% |
| Avg Rent | $2,475 | $2,475 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 10516 (Cold Spring, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $745,555 |
| Monthly Rent | $2,475 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.6%). 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 10516
Population: 5,607
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 10516
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
How do home values compare in Cold Spring, NY?
In Cold Spring, NY the median home value sits at $746K. Against the broader NY market, that reads as reasonable for most investors.
Do landlords face vacancy issues in Cold Spring, NY?
Rental vacancy in Cold Spring, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Does Cold Spring, NY make sense for an investment property?
With a 3.0/5 investability score, Cold Spring, NY ranks as a solid market for rental property investors. Median prices of $746K and rents of $2,475/mo drive the underlying numbers.
Is Cold Spring, NY landlord-friendly?
NY ranks as a tenant-protective state for landlord-tenant law. Cold Spring generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Cold Spring, NY?
Cold Spring, NY draws a stable base of working renters. Demand at the $2,475/mo rent level is reasonable for standard single-family and small multi rentals.
You know 10516 now. You don’t know where it ranks.
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How 10516 ranks in New York-Newark-Jersey City, NY-NJ-PA
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