Real Estate Investing in Piseco, New York (12139)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12139 (Piseco, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 85.8% of homes vacant — above national norms.
- 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 Piseco, NY (12139)?
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Market Analysis: 12139 Piseco
ZIP 12139 in Piseco, NY carries a durable set of headwinds. Home values near $381K and rents of $1,287/mo sit inside a market where underwriting has to be tight.
Looking more closely, the numbers look inviting — $381K purchase price, 0.0% nominal cap — the work to hit that pro forma in 12139 is substantial and deserves full respect.
Within NY, ZIP 12139 trails on several market indicators that neighboring Hamilton County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 12139 ZIP's population of 243 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 12139 is an operator game, not a passive one. From a cash-flow lens, entry prices of $381K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Piseco:
Market Trends
Home Value History (with trend line)
📊 How Does 12139 Compare?
| Metric | 12139 | Piseco | New York |
|---|---|---|---|
| Home Value | $381,271 | $381,271 | $505,608 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $1,287 | $1,287 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12139 (Piseco, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $381,271 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.6%). 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 12139
Population: 243
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
Frequently Asked Questions
Are there empty rentals in Piseco, NY?
Occupancy in Piseco, NY runs steady with elevated vacancy. Well-priced units at $1,287/mo lease on reasonable timelines.
What is the tenant pool like in Piseco, NY?
Tenant demand in Piseco, NY is solid. The local workforce $1,287/mo rents across most rental classes.
Is housing expensive in Piseco, NY?
The median home value in Piseco, NY is roughly $381K. That puts it reasonable relative to the NY statewide average.
Does Piseco, NY favor landlords or tenants?
Landlord-friendliness in Piseco, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do rents currently stand in Piseco, NY?
Average rent in Piseco, NY is approximately $1,287/mo per month. Against $381K home values that yields a reasonable rent-to-price ratio.
You know 12139 now. You don’t know where it ranks.
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