Real Estate Investing in Middletown, New York (10941)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10941 (Middletown, 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.
What’s happening in Middletown, NY (10941)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10941 Middletown
ZIP 10941 in Middletown, NY carries a significant set of headwinds. Home values near $462K and rents of $2,225/mo sit inside a market where underwriting has to be tight.
Rent of $2,225/mo on a $462K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 10941 sits below the stated 0.0% once reality is priced in.
ZIP 10941'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.
The 10941 ZIP's population of 14,761 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
New investors are better served looking at Middletown's stable or hybrid ZIPs before stepping into 10941. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Middletown:
Property Strategy for 10941
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $341,170 | $2,070 | 4.4% | +9.3% | $170,585 |
| 3BR | $407,256 | $2,630 | 4.6% | +9.7% | $135,752 |
| 4BR | $507,033 | $2,820 | 4.0% | +9.3% | $126,758 |
| 5BR | $550,097 | — | — | +9.4% | $110,019 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10941 Compare?
| Metric | 10941 | Middletown | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $461,757 | $432,665 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.0% | N/A | 6.6% |
| Avg Rent | $2,225 | $2,294 | N/A | - |
| Cap Rate | 3.8% | 4.2% | - | - |
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 10941 (Middletown, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 10941 (Middletown, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $461,757 |
| Monthly Rent | $2,225 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.8% ▲ |
| 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 10941
Population: 14,761
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
🎓 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 typical home price in Middletown, NY?
The median home value in Middletown, NY is roughly $462K. That puts it reasonable relative to the NY statewide average.
What is the tenant pool like in Middletown, NY?
Working renters make up the core of the Middletown, NY tenant base. The pool is reasonable for investors targeting long-term holds.
What is the typical vacancy rate in Middletown, NY?
Rental vacancy in Middletown, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Middletown, NY?
Middletown, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How does Middletown, NY stack up for property investment?
With a 3.0/5 investability score, Middletown, NY ranks as a solid market for rental property investors. Median prices of $462K and rents of $2,225/mo drive the underlying numbers.
You know 10941 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 10941 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 10941 ranks in Poughkeepsie-Newburgh-Middletown, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 10941 (Middletown)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 10941 (Middletown, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.