Real Estate Investing in Richmondville, New York (12149)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12149 (Richmondville, 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.
- High vacancy: 30.0% of homes vacant — above national norms.
- 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 Richmondville, NY (12149)?
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Market Analysis: 12149 Richmondville
ZIP 12149 inside Schoharie County looks affordable on the surface — median value of $247K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $247K purchase price, 0.0% nominal cap — the work to hit that pro forma in 12149 is substantial and deserves full respect.
Within NY, ZIP 12149 trails on several market indicators that neighboring Schoharie County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 12149 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 12149 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Richmondville:
Property Strategy for 12149
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,297 | $1,340 | 4.5% | +9.8% | $106,148 |
| 3BR | $258,467 | $1,620 | 4.5% | +9.6% | $86,156 |
| 4BR | $284,891 | $1,780 | 4.5% | +8.5% | $71,223 |
Market Trends
Home Value History (with trend line)
📊 How Does 12149 Compare?
| Metric | 12149 | Richmondville | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $246,975 | $246,975 | N/A | $505,608 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 6.6% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 12149 (Richmondville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,975 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.8%). 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 12149
Population: 2,176
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 12149
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
Frequently Asked Questions
What do rentals go for in Richmondville, NY?
Richmondville, NY rentals go for roughly $1,206/mo a month. That puts gross yield in solid territory relative to $247K acquisition costs.
What is the typical vacancy rate in Richmondville, NY?
Rental vacancy in Richmondville, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Richmondville, NY a good place for real estate investing?
With a 3.0/5 investability score, Richmondville, NY ranks as a solid market for rental property investors. Median prices of $247K and rents of $1,206/mo drive the underlying numbers.
What type of investing works in Richmondville, NY?
Most investors in Richmondville, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much should I expect to pay for a home in Richmondville, NY?
Richmondville, NY median home values land near $247K. That is reasonable territory for investors looking at $1,206/mo-per-month rentals.
You know 12149 now. You don’t know where it ranks.
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How 12149 ranks in Albany-Schenectady-Troy, NY
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