Real Estate Investing in Ellenville, New York (12428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12428 (Ellenville, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 24.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Ellenville, NY (12428)?
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Market Analysis: 12428 Ellenville
Investors eyeing 12428 need to respect the fundamentals at play. Home values of $310K come alongside slower price movement and elevated management overhead.
For an experienced owner, 12428 can be a an appealing option for hunting ground — but the discount at $310K reflects genuine risk that outside investors often underestimate.
Regionally, 12428 sits on the difficult end of the NY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 12428 ZIP's population of 6,972 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 12428 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ellenville:
Property Strategy for 12428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,325 | $1,620 | 5.2% | +14.1% | $111,662 |
| 3BR | $287,162 | $2,060 | 5.2% | +13.5% | $95,721 |
| 4BR | $350,858 | $2,220 | 4.6% | +13.2% | $87,714 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 12428 Compare?
| Metric | 12428 | Ellenville | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $309,872 | $309,872 | N/A | $505,608 |
| 5-Year CAGR | 10.2% | 10.2% | N/A | 6.6% |
| Avg Rent | $1,675 | $1,675 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12428 (Ellenville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $309,872 |
| Monthly Rent | $1,675 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 14.5% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +9.3% ▲ |
| 5-Year CAGR | +10.2% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 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 (4.2%). 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 12428
Population: 6,972
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 12428
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
Frequently Asked Questions
What is it like being a landlord in Ellenville, NY?
Ellenville, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How does Ellenville, NY rate as a rental market?
The 4.0/5 investability rating in Ellenville, NY reflects its $310K prices and $1,675/mo rents. Investors generally consider it a solid option within NY.
What is the renter demographic in Ellenville, NY?
Ellenville, NY draws a even-keeled base of working renters. Demand at the $1,675/mo rent level is reasonable for standard single-family and small multi rentals.
What is the average monthly rent in Ellenville, NY?
Ellenville, NY rentals go for roughly $1,675/mo a month. That puts gross yield in solid territory relative to $310K acquisition costs.
What price range are homes in Ellenville, NY?
Ellenville, NY median home values land near $310K. That is reasonable territory for investors looking at $1,675/mo-per-month rentals.
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How 12428 ranks in Kingston, NY
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