Real Estate Investing in Troy, New York (12183)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12183 (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.
- High vacancy: 12.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Troy, NY (12183)?
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Market Analysis: 12183 Troy
Investors eyeing 12183 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $246K purchase price, 0.0% nominal cap — the work to hit that pro forma in 12183 is substantial and deserves full respect.
In the broader NY picture, 12183 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 12183 ZIP's population of 2,966 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
seems 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:
Market Trends
Home Value History (with trend line)
📊 How Does 12183 Compare?
| Metric | 12183 | Troy | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $245,576 | $277,417 | N/A | $505,608 |
| 5-Year CAGR | 5.3% | 6.2% | N/A | 6.6% |
| Avg Rent | $1,278 | $1,404 | N/A | - |
| Cap Rate | 4.1% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12183 (Troy, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 12183 (Troy, NY)?
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Property managers serving Albany County
Manage rentals here? List your business →CYC Realty is an association and property management company serving Upstate New York. summary from their website
AllyPropertyManagement.com is a domain name available for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $245,576 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 12183
Population: 2,966
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 12183
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
WATERVLIET ELEMENTARY SCHOOL
WATERVLIET JUNIOR-SENIOR HIGH 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
Investor Insight: With 1,128 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Troy, NY make sense for an investment property?
Troy, NY rates 3.0/5 for investability. With median values at $246K and rents near $1,278/mo, the market offers reasonable fundamentals for rental investors.
How do home values compare in Troy, NY?
Expect median prices around $246K in Troy, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What type of investing works in Troy, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Troy, NY. The numbers - $246K homes against $1,278/mo rents - support that play.
Are tenants stable in Troy, NY?
Tenant quality in Troy, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $1,278/mo.
Are there empty rentals in Troy, NY?
Occupancy in Troy, NY runs steady with elevated vacancy. Well-priced units at $1,278/mo lease on reasonable timelines.
You know 12183 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12183 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 12183 ranks in Albany-Schenectady-Troy, NY
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