Real Estate Investing in Durham, New York (12422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12422 (Durham, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 53.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 24.0% poverty rate — can affect rent collection.
• 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 Durham, NY (12422)?
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Market Analysis: 12422 Durham
Not every below-median market is a bargain. Durham's 12422 ZIP stands at signals that favor experienced operators who can absorb the risk $352K pricing implies.
The investment case in 12422 is healthy only for operators who understand what they are buying. A $352K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 12422 sits on the difficult end of the NY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A solid renter share of 13% in 12422 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Durham's stable or hybrid ZIPs before stepping into 12422. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Durham:
Market Trends
Home Value History (with trend line)
📊 How Does 12422 Compare?
| Metric | 12422 | Durham | New York |
|---|---|---|---|
| Home Value | $352,172 | $352,172 | $505,608 |
| 5-Year CAGR | 4.0% | 4.0% | 6.6% |
| Avg Rent | $1,233 | $1,233 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12422 (Durham, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $352,172 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.7%). 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 12422
Population: 469
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
Frequently Asked Questions
What kind of vacancy should I budget for in Durham, NY?
Occupancy in Durham, NY runs reliable with elevated vacancy. Well-priced units at $1,233/mo lease on reasonable timelines.
How do experienced investors play Durham, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Durham, NY. The numbers - $352K homes against $1,233/mo rents - support that play.
What do landlords charge for rent in Durham, NY?
Expect rents around $1,233/mo per month in Durham, NY. With home values at $352K, the yield math works out to reasonable levels for rental investors.
How deep is the rental pool in Durham, NY?
The tenant pool in Durham, NY is solid, supported by local employment and population fundamentals. Rents of $1,233/mo are well-absorbed by the market.
Does Durham, NY make sense for an investment property?
With a 3.0/5 investability score, Durham, NY ranks as a solid market for rental property investors. Median prices of $352K and rents of $1,233/mo drive the underlying numbers.
You know 12422 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12422 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.
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