Real Estate Investing in Chester, New York (10918)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10918 (Chester, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Chester, NY (10918)?
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Market Analysis: 10918 Chester
ZIP 10918 in Chester, NY carries a significant set of headwinds. Home values near $539K and rents of $2,625/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 10918 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From an investor standpoint, 10918 offers a low basis, the region around Chester has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 10918 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 10918 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 Chester:
Property Strategy for 10918
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $300,834 | $2,130 | 5.1% | +8.6% | $150,417 |
| 3BR | $470,757 | $2,700 | 4.1% | +9.0% | $156,919 |
| 4BR | $650,628 | $2,900 | 3.2% | +9.4% | $162,657 |
| 5BR | $725,292 | — | — | +9.3% | $145,058 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10918 Compare?
| Metric | 10918 | Chester | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $539,032 | $539,032 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $2,625 | $2,625 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 10918 (Chester, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $539,032 |
| Monthly Rent | $2,625 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.8%). 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 10918
Population: 11,937
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 10918
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
Investor Insight: With 1,348 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Chester, NY?
Homes in Chester, NY typically sell near $539K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Do landlords face vacancy issues in Chester, NY?
Expect elevated vacancy in Chester, NY. Rents at $2,625/mo are absorbed by the tenant base without meaningful lag.
How does Chester, NY stack up for property investment?
Yes - Chester, NY a 3.0/5 investability score. With $539K home prices against $2,625/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strict are landlord regulations in Chester, NY?
Chester, NY operates under NY law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How do experienced investors play Chester, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Chester, NY. The numbers - $539K homes against $2,625/mo rents - support that play.
You know 10918 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 10918 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 10918 ranks in Poughkeepsie-Newburgh-Middletown, NY
Every ZIP in this metro, ranked. Free.
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