Real Estate Investing in Surprise, New York (12176)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12176 (Surprise, 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: 35.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.9 — hard to cash-flow at these prices.
• 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 Surprise, NY (12176)?
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Market Analysis: 12176 Surprise
The 12176 ZIP in Surprise, NY is a local-operator market. Outside capital chasing a $353K entry has to pair deep knowledge with the discount.
The 12176 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 12176 offers a low basis, the region around Surprise has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 13% in 12176 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 12176 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Surprise:
Market Trends
Home Value History (with trend line)
📊 How Does 12176 Compare?
| Metric | 12176 | Surprise | New York |
|---|---|---|---|
| Home Value | $352,734 | $352,734 | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | 6.6% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12176 (Surprise, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $352,734 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 27.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (2.3%). 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 12176
Population: 431
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 547 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is it easy to find good tenants in Surprise, NY?
The renter base in Surprise, NY is reasonable for the $1,053/mo price point. Screening well and pricing to market typically yields consistent tenants.
Are landlord laws favorable in Surprise, NY?
Rental owners in Surprise, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How much does a house cost in Surprise, NY?
In Surprise, NY the median home value sits at $353K. Against the broader NY market, that reads as reasonable for most investors.
Does house hacking make sense in Surprise, NY?
House hacking in Surprise, NY is reasonable to execute. Prices around $353K and rents of $1,053/mo solid owner-occupant economics.
Do rentals sit vacant long in Surprise, NY?
Expect elevated vacancy in Surprise, NY. Rents at $1,053/mo are absorbed by the tenant base without meaningful lag.
You know 12176 now. You don’t know where it ranks.
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