Real Estate Investing in Nassau, New York (12123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12123 (Nassau, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
- 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 Nassau, NY (12123)?
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Market Analysis: 12123 Nassau
The 12123 ZIP in Nassau, NY is a local-operator market. Outside capital chasing a $338K entry has to pair deep knowledge with the discount.
Rent of $1,233/mo on a $338K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 12123 sits below the stated 0.0% once reality is priced in.
On balance, 12123 offers a low basis, the region around Nassau has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 12123 ZIP's population of 4,853 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 12123, 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 Nassau:
Property Strategy for 12123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,693 | $1,370 | 4.4% | +6.1% | $112,346 |
| 3BR | $320,727 | $1,640 | 3.7% | +6.9% | $106,909 |
| 4BR | $402,979 | $1,810 | 3.2% | +7.3% | $100,745 |
Market Trends
Home Value History (with trend line)
📊 How Does 12123 Compare?
| Metric | 12123 | Nassau | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $338,286 | $338,286 | N/A | $505,608 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.6% |
| Avg Rent | $1,233 | $1,233 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 12123 (Nassau, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $338,286 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.8%). 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 12123
Population: 4,853
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 12123
Schools in This ZIP Code
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 1,010 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Nassau, NY?
Nassau, NY rates 3.0/5 for investability. With median values at $338K and rents near $1,233/mo, the market offers reasonable fundamentals for rental investors.
How do experienced investors play Nassau, NY?
A careful cash-flow rentals with hands-on management strategy Nassau, NY best. The market produces measured results for that approach at the $338K price point.
Are renters plentiful in Nassau, NY?
Tenant quality in Nassau, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $1,233/mo.
Is Nassau, NY suited for a house hack?
The house hack math a challenging in Nassau, NY. Owner-occupant buyers benefit from the $1,233/mo rents and $338K home values.
What is the typical vacancy rate in Nassau, NY?
Vacancy in Nassau, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,233/mo.
You know 12123 now. You don’t know where it ranks.
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How 12123 ranks in Albany-Schenectady-Troy, NY
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