Real Estate Investing in Yonkers, New York (10708)
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Should you buy in 10708 (Yonkers, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Yonkers, NY (10708)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10708 Yonkers
Not every below-median market is a bargain. Yonkers's 10708 ZIP registers signals that favor experienced operators who can absorb the risk $981K pricing implies.
The investment case in 10708 is solid only for operators who understand what they are buying. A $981K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NY picture, 10708 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 10708 includes headwinds that any investor should price in. Income distribution skews lower than Yonkers averages, and tenant stability requires active management.
The 10708 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Yonkers:
Property Strategy for 10708
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $239,444 | $2,930 | 8.8% | +2.7% | $239,444 |
| 2BR | $390,111 | $3,210 | 5.9% | +3.1% | $195,055 |
| 3BR | $928,669 | $4,020 | 3.1% | +5.3% | $309,556 |
| 4BR | $1,437,468 | $4,370 | 2.2% | +6.1% | $359,367 |
| 5BR | $2,482,189 | — | — | +7.1% | $496,438 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10708 Compare?
| Metric | 10708 | Yonkers | New York |
|---|---|---|---|
| Home Value | $980,539 | $736,603 | $505,608 |
| 5-Year CAGR | 3.3% | 4.8% | 6.6% |
| Avg Rent | $4,279 | $2,975 | - |
| Cap Rate | 3.4% | 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 10708 (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 | $980,539 |
| Monthly Rent | $4,279 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 10708
Population: 21,946
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 10708
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ANNE HUTCHINSON SCHOOL
BENJAMIN TURNER MIDDLE SCHOOL
COLUMBUS ELEMENTARY SCHOOL
DENZEL WASHINGTON SCHOOL-ARTS
EASTCHESTER MIDDLE 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
What price range are homes in Yonkers, NY?
Typical homes in Yonkers, NY go for around $981K. The 5-year CAGR of 0.0% stable price movement.
How landlord-friendly is Yonkers, NY?
For rental operators, Yonkers, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How do experienced investors play Yonkers, NY?
Most investors in Yonkers, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How viable is house hacking in Yonkers, NY?
House hacking works a challenging in Yonkers, NY. Rents of $4,279/mo against $981K acquisition make the strategy solid for owner-occupants.
How much is rent in Yonkers, NY?
The typical rental in Yonkers, NY commands about $4,279/mo monthly. That rent profile even-keeled cash flow against the $981K purchase basis.
You know 10708 now. You don’t know where it ranks.
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How 10708 ranks in New York-Newark-Jersey City, NY-NJ-PA
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