Real Estate Investing in Florida, New York (10921)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10921 (Florida, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Florida, NY (10921)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10921 Florida
ZIP 10921 in Florida, NY carries a resilient set of headwinds. Home values near $478K and rents of $2,133/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 10921 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 10921's metrics run below Orange County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 4,358 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 10921 is an operator game, not a passive one. From an investor standpoint, entry prices of $478K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Florida:
Property Strategy for 10921
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $341,692 | $2,370 | 5.0% | +8.8% | $170,846 |
| 3BR | $444,829 | $3,010 | 4.9% | +9.1% | $148,276 |
| 4BR | $601,499 | $3,230 | 3.9% | +9.6% | $150,375 |
Market Trends
Home Value History (with trend line)
📊 How Does 10921 Compare?
| Metric | 10921 | Florida | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $478,498 | $478,498 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $2,133 | $2,133 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 10921 (Florida, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $478,498 |
| Monthly Rent | $2,133 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (3.5%). 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 10921
Population: 4,358
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 10921
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
What is the rental occupancy rate in Florida, NY?
Florida, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
How do home values compare in Florida, NY?
Expect median prices around $478K in Florida, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Where do rents currently stand in Florida, NY?
Rental rates in Florida, NY average $2,133/mo. Tenant demand and $478K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Florida, NY?
Landlord-friendliness in Florida, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What approach is best for Florida, NY real estate?
A careful cash-flow rentals with hands-on management strategy Florida, NY best. The market produces measured results for that approach at the $478K price point.
You know 10921 now. You don’t know where it ranks.
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How 10921 ranks in Poughkeepsie-Newburgh-Middletown, NY
Every ZIP in this metro, ranked. Free.
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