Real Estate Investing in Highland Falls, New York (10928)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10928 (Highland Falls, 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.
- High vacancy: 12.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Highland Falls, NY (10928)?
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Market Analysis: 10928 Highland Falls
Investors eyeing 10928 need to respect the fundamentals at play. Home values of $429K come alongside slower price movement and elevated management overhead.
The 10928 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 10928 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 10928 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 10928 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Highland Falls:
Property Strategy for 10928
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $373,952 | $2,200 | 4.2% | +10.0% | $186,976 |
| 3BR | $416,919 | $2,790 | 4.8% | +10.2% | $138,973 |
| 4BR | $455,756 | $3,000 | 4.7% | +9.8% | $113,939 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10928 Compare?
| Metric | 10928 | Highland Falls | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $428,657 | $428,657 | N/A | $505,608 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.6% |
| Avg Rent | $3,533 | $3,533 | N/A | - |
| Cap Rate | 6.4% | 6.4% | - | - |
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 10928 (Highland Falls, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $428,657 |
| Monthly Rent | $3,533 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10928
Population: 5,273
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 10928
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
JAMES I O'NEILL HIGH SCHOOL
FORT MONTGOMERY ELEMENTARY 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 vacancy a concern in Highland Falls, NY?
Vacancy in Highland Falls, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $3,533/mo.
What are rental rates like in Highland Falls, NY?
Expect rents around $3,533/mo per month in Highland Falls, NY. With home values at $429K, the yield math works out to reasonable levels for rental investors.
Is housing expensive in Highland Falls, NY?
Homes in Highland Falls, NY typically sell near $429K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Does a duplex house hack pencil in Highland Falls, NY?
Highland Falls, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $429K price point reasonable to enter.
What real estate strategy is ideal for Highland Falls, NY?
A careful cash-flow rentals with hands-on management strategy Highland Falls, NY best. The market produces steady results for that approach at the $429K price point.
You know 10928 now. You don’t know where it ranks.
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How 10928 ranks in Poughkeepsie-Newburgh-Middletown, NY
Every ZIP in this metro, ranked. Free.
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