Real Estate Investing in Troy, New York (12182)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12182 (Troy, 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: 8.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.4% poverty rate — can affect rent collection.
What’s happening in Troy, NY (12182)?
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Market Analysis: 12182 Troy
The 12182 ZIP in Troy, NY is a local-operator market. Outside capital chasing a $271K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $271K asset, 12182 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NY picture, 12182 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 12182 includes headwinds that any investor should price in. Income distribution skews lower than Troy averages, and tenant stability requires active management.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Troy:
Property Strategy for 12182
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,312 | $1,450 | 4.6% | +7.9% | $114,656 |
| 3BR | $263,284 | $1,740 | 4.8% | +7.7% | $87,761 |
| 4BR | $270,443 | $1,920 | 5.1% | +7.6% | $67,611 |
| 5BR | $252,910 | — | — | +6.9% | $50,582 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 12182 Compare?
| Metric | 12182 | Troy | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $270,726 | $277,417 | N/A | $505,608 |
| 5-Year CAGR | 6.7% | 6.2% | N/A | 6.6% |
| Avg Rent | $1,422 | $1,404 | N/A | - |
| Cap Rate | 4.1% | 4.0% | - | - |
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 12182 (Troy, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,726 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (4.1%). 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 12182
Population: 14,273
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 12182
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 1,128 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Troy, NY good for house hacking?
Troy, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $271K price point reasonable to enter.
Is Troy, NY a smart market for rental property?
Yes - Troy, NY a 3.0/5 investability score. With $271K home prices against $1,422/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Troy, NY?
NY law tenant-protective for landlords, and Troy inherits those rules. Investors should still review local ordinances for rental licensing.
How much rent can I charge in Troy, NY?
Rental rates in Troy, NY average $1,422/mo. Tenant demand and $271K home values make the yield look reasonable by investor standards.
How deep is the rental pool in Troy, NY?
Working renters make up the core of the Troy, NY tenant base. The pool is reasonable for investors targeting long-term holds.
You know 12182 now. You don’t know where it ranks.
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How 12182 ranks in Albany-Schenectady-Troy, NY
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