Real Estate Investing in Accord, New York (12404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12404 (Accord, 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: 32.4% 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 31.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Accord, NY (12404)?
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Market Analysis: 12404 Accord
ZIP 12404 in Accord, NY carries a significant set of headwinds. Home values near $542K and rents of $1,458/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 12404 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 12404 sits on the difficult end of the NY spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 20% in 12404 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 12404 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Accord:
Property Strategy for 12404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $441,524 | $1,620 | 2.6% | +10.9% | $220,762 |
| 3BR | $521,734 | $2,060 | 2.8% | +10.9% | $173,911 |
| 4BR | $651,374 | $2,220 | 2.5% | +11.4% | $162,843 |
Market Trends
Home Value History (with trend line)
📊 How Does 12404 Compare?
| Metric | 12404 | Accord | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $542,258 | $542,258 | N/A | $505,608 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.6% |
| Avg Rent | $1,458 | $1,458 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 12404 (Accord, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $542,258 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.1%). 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 12404
Population: 4,046
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 12404
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 845 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Accord, NY a smart market for rental property?
Accord, NY stands at an investability rating of 3.0/5, with median home values near $542K and average rents around $1,458/mo. That combination puts it in the sturdy tier for investor interest.
Is Accord, NY a good market for FHA house hackers?
The house hack math a challenging in Accord, NY. Owner-occupant buyers benefit from the $1,458/mo rents and $542K home values.
What do rentals go for in Accord, NY?
Accord, NY rentals go for roughly $1,458/mo a month. That puts gross yield in solid territory relative to $542K acquisition costs.
What are vacancy rates like in Accord, NY?
Accord, NY carries elevated vacancy risk. Expect reliable absorption at market rents of $1,458/mo.
What investment strategy works best in Accord, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Accord, NY. With home values at $542K and rents near $1,458/mo, other strategies can work but produce measured rather than outsized returns.
You know 12404 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12404 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 12404 ranks in Kingston, NY
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