Real Estate Investing in Thiells, New York (10984)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10984 (Thiells, 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 25.7 — 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 Thiells, NY (10984)?
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Market Analysis: 10984 Thiells
ZIP 10984 in Thiells, NY carries a robust set of headwinds. Home values near $770K and rents of $2,493/mo sit inside a market where underwriting has to be tight.
Rent of $2,493/mo on a $770K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 10984 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 10984 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Turning to rents, 2,760 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. substantial returns are possible in 10984, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Thiells:
Property Strategy for 10984
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $645,115 | $3,470 | 3.9% | — | $215,038 |
| 4BR | $741,906 | $3,770 | 3.7% | +10.9% | $185,476 |
| 5BR | $806,318 | — | — | +10.6% | $161,264 |
Market Trends
Home Value History (with trend line)
📊 How Does 10984 Compare?
| Metric | 10984 | Thiells | New York |
|---|---|---|---|
| Home Value | $770,018 | $770,018 | $505,608 |
| 5-Year CAGR | 9.3% | 9.3% | 6.6% |
| Avg Rent | $2,493 | $2,493 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 10984 (Thiells, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $770,018 |
| Monthly Rent | $2,493 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.5%). 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 10984
Population: 2,760
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 10984
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
HAVERSTRAW ELEMENTARY SCHOOL
JAMES A FARLEY ELEMENTARY SCHOOL
STONY POINT ELEMENTARY SCHOOL
WEST HAVERSTRAW 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
Investor Insight: With 1,780 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Thiells, NY?
The 3.0/5 investability rating in Thiells, NY reflects its $770K prices and $2,493/mo rents. Investors generally consider it a solid option within NY.
How much rent can I charge in Thiells, NY?
Rents in Thiells, NY run near $2,493/mo. Compared with median home prices of $770K that produces solid gross yields for typical rentals.
How tight is the rental market in Thiells, NY?
Vacancy risk in Thiells, NY is elevated. That supports consistent cash flow for typical rental holds.
What is it like being a landlord in Thiells, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Thiells generally follows the statewide framework, so landlords face reasonable operating rules.
What are home prices like in Thiells, NY?
Median home price in Thiells, NY is near $770K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
You know 10984 now. You don’t know where it ranks.
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How 10984 ranks in New York-Newark-Jersey City, NY-NJ-PA
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