Real Estate Investing in Palisades, New York (10964)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10964 (Palisades, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 31.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palisades, NY (10964)?
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Market Analysis: 10964 Palisades
The 10964 ZIP in Palisades, NY is a local-operator market. Outside capital chasing a $969K entry has to pair deep knowledge with the discount.
For an experienced owner, 10964 can be a a solid fit for hunting ground — but the discount at $969K reflects genuine risk that outside investors often underestimate.
ZIP 10964's metrics run below Rockland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 10964 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 10964 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 Palisades:
Property Strategy for 10964
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $734,977 | $3,550 | 3.5% | +7.3% | $244,992 |
| 4BR | $973,564 | $4,180 | 3.1% | +7.7% | $243,391 |
Market Trends
Home Value History (with trend line)
📊 How Does 10964 Compare?
| Metric | 10964 | Palisades | New York |
|---|---|---|---|
| Home Value | $969,144 | $969,144 | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | 6.6% |
| Avg Rent | $2,583 | $2,583 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 10964 (Palisades, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $969,144 |
| Monthly Rent | $2,583 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (2.1%). 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 10964
Population: 1,395
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 10964
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DOBBS FERRY HIGH SCHOOL
DOBBS FERRY MIDDLE SCHOOL
FARRAGUT MIDDLE SCHOOL
HASTINGS HIGH SCHOOL
HILLSIDE 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 Palisades, NY a smart market for rental property?
The 3.0/5 investability rating in Palisades, NY reflects its $969K prices and $2,583/mo rents. Investors generally consider it a solid option within NY.
What kind of vacancy should I budget for in Palisades, NY?
Occupancy in Palisades, NY runs reliable with elevated vacancy. Well-priced units at $2,583/mo lease on reasonable timelines.
How expensive is real estate in Palisades, NY?
The median home value in Palisades, NY is roughly $969K. That puts it reasonable relative to the NY statewide average.
How viable is house hacking in Palisades, NY?
The house hack math a challenging in Palisades, NY. Owner-occupant buyers benefit from the $2,583/mo rents and $969K home values.
Where do rents currently stand in Palisades, NY?
Investors in Palisades, NY typically see rents near $2,583/mo per month against $969K home values - a solid setup for rental cash flow.
You know 10964 now. You don’t know where it ranks.
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How 10964 ranks in New York-Newark-Jersey City, NY-NJ-PA
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