Real Estate Investing in Yonkers, New York (10704)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10704 (Yonkers, 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.
What’s happening in Yonkers, NY (10704)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10704 Yonkers
Not every below-median market is a bargain. Yonkers's 10704 ZIP reflects signals that favor experienced operators who can absorb the risk $683K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $683K asset, 10704 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Yonkers have seen price recovery that 10704 has not matched. Westchester County data supports the view that the spread is structural rather than temporary.
The 10704 ZIP's population of 31,844 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Yonkers's stable or hybrid ZIPs before stepping into 10704. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Yonkers:
Property Strategy for 10704
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $498,309 | $2,890 | 4.2% | +4.6% | $249,155 |
| 3BR | $686,246 | $3,620 | 3.8% | +5.9% | $228,749 |
| 4BR | $770,889 | $3,930 | 3.7% | +5.9% | $192,722 |
| 5BR | $876,018 | — | — | +6.1% | $175,204 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10704 Compare?
| Metric | 10704 | Yonkers | New York |
|---|---|---|---|
| Home Value | $682,585 | $736,603 | $505,608 |
| 5-Year CAGR | 5.2% | 4.8% | 6.6% |
| Avg Rent | $2,613 | $2,975 | - |
| Cap Rate | 3.0% | 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 10704 (Yonkers, 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 | $682,585 |
| Monthly Rent | $2,613 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -10.1% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 10704
Population: 31,844
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 10704
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BENJAMIN TURNER MIDDLE SCHOOL
BRONXVILLE ELEMENTARY SCHOOL
BRONXVILLE HIGH SCHOOL
BRONXVILLE MIDDLE SCHOOL
DENZEL WASHINGTON SCHOOL-ARTS
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 is the renter demographic in Yonkers, NY?
Yonkers, NY offers a consistent renter base at the $2,613/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Yonkers, NY for real estate investors?
Yonkers, NY rates 3.0/5 for investability. With median values at $683K and rents near $2,613/mo, the market offers reasonable fundamentals for rental investors.
Where do home prices stand in Yonkers, NY?
Yonkers, NY home values average about $683K. That price point suits investors targeting rentals with $2,613/mo in monthly income.
What kind of vacancy should I budget for in Yonkers, NY?
Yonkers, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Yonkers, NY good for landlords?
For rental operators, Yonkers, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 10704 now. You don’t know where it ranks.
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How 10704 ranks in New York-Newark-Jersey City, NY-NJ-PA
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