Real Estate Investing in Unionville, New York (10988)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10988 (Unionville, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Unionville, NY (10988)?
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Market Analysis: 10988 Unionville
Not every below-median market is a bargain. Unionville's 10988 ZIP stands at signals that favor experienced operators who can absorb the risk $352K pricing implies.
Rent of $1,674/mo on a $352K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 10988 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 10988 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 39% in 10988 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 10988, 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 Unionville:
Market Trends
Home Value History (with trend line)
📊 How Does 10988 Compare?
| Metric | 10988 | Unionville | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $351,771 | $351,771 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10988 (Unionville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,771 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.7%). 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 10988
Population: 684
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 Unionville, NY?
Unionville, NY home values average about $352K. That price point suits investors targeting rentals with $1,674/mo in monthly income.
Is Unionville, NY a good place for real estate investing?
Unionville, NY rates 3.0/5 for investability. With median values at $352K and rents near $1,674/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Unionville, NY?
Vacancy in Unionville, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,674/mo.
How should investors approach Unionville, NY?
The best-fit strategy in Unionville, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is the tenant base reliable in Unionville, NY?
Working renters make up the core of the Unionville, NY tenant base. The pool is reasonable for investors targeting long-term holds.
You know 10988 now. You don’t know where it ranks.
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How 10988 ranks in Poughkeepsie-Newburgh-Middletown, NY
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