Real Estate Investing in Yonkers, New York (10705)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10705 (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 (10705)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10705 Yonkers
The 10705 ZIP covers a section of Yonkers that demands careful diligence. Prices near $722K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $722K asset, 10705 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 10705 offers a low basis, the region around Yonkers has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 10705 ZIP's population of 40,390 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 10705 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Yonkers:
Property Strategy for 10705
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,863 | $2,860 | 7.2% | +2.1% | $142,432 |
| 3BR | $696,352 | $3,580 | 3.7% | +6.0% | $232,117 |
| 4BR | $752,449 | $3,890 | 3.7% | +5.7% | $188,112 |
| 5BR | $843,462 | — | — | +6.1% | $168,692 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10705 Compare?
| Metric | 10705 | Yonkers | New York |
|---|---|---|---|
| Home Value | $721,738 | $736,603 | $505,608 |
| 5-Year CAGR | 5.3% | 4.8% | 6.6% |
| Avg Rent | $2,647 | $2,975 | - |
| Cap Rate | 2.9% | 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 10705 (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 | $721,738 |
| Monthly Rent | $2,647 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 10705
Population: 40,390
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 10705
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BENJAMIN TURNER MIDDLE SCHOOL
DENZEL WASHINGTON SCHOOL-ARTS
GRIMES SCHOOL
HAMILTON SCHOOL
NELSON MANDELA/DR HOSA ZOLLICOFFER 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 Yonkers, NY a smart market for rental property?
With a 3.0/5 investability score, Yonkers, NY ranks as a solid market for rental property investors. Median prices of $722K and rents of $2,647/mo drive the underlying numbers.
What is the average monthly rent in Yonkers, NY?
Expect rents around $2,647/mo per month in Yonkers, NY. With home values at $722K, the yield math works out to reasonable levels for rental investors.
What is the median home value in Yonkers, NY?
Expect median prices around $722K in Yonkers, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How high is vacancy risk in Yonkers, NY?
Yonkers, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $2,647/mo.
How do landlord-tenant laws work in Yonkers, NY?
NY law tenant-protective for landlords, and Yonkers inherits those rules. Investors should still review local ordinances for rental licensing.
You know 10705 now. You don’t know where it ranks.
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How 10705 ranks in New York-Newark-Jersey City, NY-NJ-PA
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