Real Estate Investing in New Baltimore, New York (12124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12124 (New Baltimore, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 33.5% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.4% in the last year.
- 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 New Baltimore, NY (12124)?
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Market Analysis: 12124 New Baltimore
Looking more closely, ZIP 12124 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $351K median. It rewards specialists, not generalists.
The 12124 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 12124 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 12124 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at New Baltimore's stable or hybrid ZIPs before stepping into 12124. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Baltimore:
Market Trends
Home Value History (with trend line)
📊 How Does 12124 Compare?
| Metric | 12124 | New Baltimore | New York |
|---|---|---|---|
| Home Value | $350,536 | $350,536 | $505,608 |
| 5-Year CAGR | 3.8% | 3.8% | 6.6% |
| Avg Rent | $1,341 | $1,341 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12124 (New Baltimore, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $350,536 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 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 (3.0%). 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 12124
Population: 182
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 12124
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
PIETER B COEYMANS 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 New Baltimore, NY better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy New Baltimore, NY best. The market produces predictable results for that approach at the $351K price point.
What monthly rent should investors expect in New Baltimore, NY?
Expect rents around $1,341/mo per month in New Baltimore, NY. With home values at $351K, the yield math works out to reasonable levels for rental investors.
Is New Baltimore, NY landlord-friendly?
New Baltimore, NY operates under NY law, which is tenant-protective overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How strong is the working-renter base in New Baltimore, NY?
New Baltimore, NY draws a measured base of working renters. Demand at the $1,341/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical vacancy rate in New Baltimore, NY?
New Baltimore, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $1,341/mo.
You know 12124 now. You don’t know where it ranks.
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