Real Estate Investing in Piermont, New York (10968)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10968 (Piermont, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Piermont, NY (10968)?
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Market Analysis: 10968 Piermont
Not every below-median market is a bargain. Piermont's 10968 ZIP stands at signals that favor experienced operators who can absorb the risk $840K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 10968 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 10968'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.
A healthy renter share of 39% in 10968 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 10968 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Piermont:
Property Strategy for 10968
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $669,446 | $3,240 | 3.5% | +3.9% | $334,723 |
| 3BR | $888,934 | $4,060 | 3.3% | +5.8% | $296,311 |
| 4BR | $1,055,953 | $4,410 | 3.0% | +7.4% | $263,988 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10968 Compare?
| Metric | 10968 | Piermont | New York |
|---|---|---|---|
| Home Value | $839,908 | $839,908 | $505,608 |
| 5-Year CAGR | 5.8% | 5.8% | 6.6% |
| Avg Rent | $2,950 | $2,950 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 10968 (Piermont, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $839,908 |
| Monthly Rent | $2,950 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (2.7%). 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 10968
Population: 2,406
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 10968
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
COTTAGE LANE ELEMENTARY SCHOOL
Northvale Public School
SOUTH ORANGETOWN MIDDLE SCHOOL
WILLIAM O SCHAEFER ELEMENTARY SCHOOL
TAPPAN ZEE HIGH 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 housing expensive in Piermont, NY?
Piermont, NY home values average about $840K. That price point suits investors targeting rentals with $2,950/mo in monthly income.
What is the renter demographic in Piermont, NY?
Piermont, NY offers a consistent renter base at the $2,950/mo rent level. Tenant turnover is reasonable for well-managed properties.
Which real estate strategy fits Piermont, NY?
The best-fit strategy in Piermont, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Piermont, NY good for landlords?
Piermont, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What does house hacking look like in Piermont, NY?
The a challenging house-hack environment in Piermont, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 10968 now. You don’t know where it ranks.
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How 10968 ranks in New York-Newark-Jersey City, NY-NJ-PA
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