Real Estate Investing in Putnam Valley, New York (10579)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10579 (Putnam Valley, 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.
- High vacancy: 20.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Putnam Valley, NY (10579)?
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Market Analysis: 10579 Putnam Valley
Not every below-median market is a bargain. Putnam Valley's 10579 ZIP records signals that favor experienced operators who can absorb the risk $637K pricing implies.
For an experienced owner, 10579 can be a an appealing option for hunting ground — but the discount at $637K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 10579 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 8,825 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 10579 is an operator game, not a passive one. From an investor standpoint, entry prices of $637K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Putnam Valley:
Property Strategy for 10579
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $381,431 | $3,320 | 6.3% | +7.5% | $381,431 |
| 2BR | $445,554 | $3,640 | 5.9% | +8.3% | $222,777 |
| 3BR | $606,116 | $4,560 | 5.4% | +8.0% | $202,039 |
| 4BR | $747,754 | $4,950 | 4.8% | +7.6% | $186,939 |
| 5BR | $875,861 | — | — | +7.6% | $175,172 |
Market Trends
Home Value History (with trend line)
📊 How Does 10579 Compare?
| Metric | 10579 | Putnam Valley | New York |
|---|---|---|---|
| Home Value | $636,616 | $636,616 | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | 6.6% |
| Avg Rent | $3,276 | $3,276 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 10579 (Putnam Valley, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $636,616 |
| Monthly Rent | $3,276 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.0%). 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 10579
Population: 8,825
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 10579
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
What investment strategy works best in Putnam Valley, NY?
In Putnam Valley, NY the notable play is typically careful cash-flow rentals with hands-on management. The combination of $637K prices and $3,276/mo rents suits that approach.
Are rents high in Putnam Valley, NY?
Putnam Valley, NY rentals go for roughly $3,276/mo a month. That puts gross yield in solid territory relative to $637K acquisition costs.
Are there empty rentals in Putnam Valley, NY?
Putnam Valley, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Is Putnam Valley, NY a friendly market for rental owners?
Putnam Valley, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How much does a house cost in Putnam Valley, NY?
In Putnam Valley, NY the median home value sits at $637K. Against the broader NY market, that reads as reasonable for most investors.
You know 10579 now. You don’t know where it ranks.
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How 10579 ranks in New York-Newark-Jersey City, NY-NJ-PA
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