Real Estate Investing in Tappan, New York (10983)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10983 (Tappan, 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 Tappan, NY (10983)?
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Market Analysis: 10983 Tappan
On balance, ZIP 10983 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $762K median. It rewards specialists, not generalists.
The investment case in 10983 is resilient only for operators who understand what they are buying. A $762K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 10983 sits on the difficult end of the NY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 10983 includes headwinds that any investor should price in. Income distribution skews lower than Tappan averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Tappan:
Property Strategy for 10983
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $534,530 | $3,380 | 4.6% | +6.7% | $267,265 |
| 3BR | $637,488 | $4,230 | 4.8% | +7.0% | $212,496 |
| 4BR | $795,915 | $4,600 | 4.2% | +7.6% | $198,979 |
| 5BR | $887,594 | — | — | +8.0% | $177,519 |
Market Trends
Home Value History (with trend line)
📊 How Does 10983 Compare?
| Metric | 10983 | Tappan | New York |
|---|---|---|---|
| Home Value | $761,537 | $761,537 | $505,608 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $3,042 | $3,042 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 10983 (Tappan, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $761,537 |
| Monthly Rent | $3,042 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 10983
Population: 5,489
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 10983
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
COTTAGE LANE ELEMENTARY SCHOOL
Northvale Public School
Norwood Public School
SOUTH ORANGETOWN MIDDLE 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
What is the average home sale price in Tappan, NY?
Expect median prices around $762K in Tappan, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How deep is the rental pool in Tappan, NY?
The tenant pool in Tappan, NY is solid, supported by local employment and population fundamentals. Rents of $3,042/mo are well-absorbed by the market.
How much do tenants pay in Tappan, NY?
Expect rents around $3,042/mo per month in Tappan, NY. With home values at $762K, the yield math works out to reasonable levels for rental investors.
Are there empty rentals in Tappan, NY?
Tappan, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
What is it like being a landlord in Tappan, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Tappan generally follows the statewide framework, so landlords face reasonable operating rules.
You know 10983 now. You don’t know where it ranks.
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How 10983 ranks in New York-Newark-Jersey City, NY-NJ-PA
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