Real Estate Investing in Denver, New York (12421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12421 (Denver, 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: 74.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 10.4% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 31.8 — hard to cash-flow at these prices.
• 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 Denver, NY (12421)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 12421 Denver
This part of Delaware County is not an easy win. The 12421 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 12421 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Denver have seen price recovery that 12421 has not matched. Delaware County data supports the view that the spread is structural rather than temporary.
The demographic picture in 12421 includes headwinds that any investor should price in. Income distribution skews lower than Denver averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 12421 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Denver:
Property Strategy for 12421
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $295,732 | $1,030 | 2.5% | +10.8% | $147,866 |
| 3BR | $352,924 | $1,420 | 2.9% | +10.9% | $117,641 |
Market Trends
Home Value History (with trend line)
📊 How Does 12421 Compare?
| Metric | 12421 | Denver | New York |
|---|---|---|---|
| Home Value | $353,219 | $353,219 | $505,608 |
| 5-Year CAGR | 6.5% | 6.5% | 6.6% |
| Avg Rent | $927 | $927 | - |
| 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 12421 (Denver, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 12421 (Denver, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $353,219 |
| Monthly Rent | $927 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 12421
Population: 238
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 is the investability score for Denver, NY?
Investors tracking Denver, NY will find a 3.0/5 rating supported by $353K median home values and $927/mo rents. That profile suits long-term holders targeting even-keeled returns.
Do rentals sit vacant long in Denver, NY?
Vacancy risk in Denver, NY is elevated. That supports reliable cash flow for typical rental holds.
What do rentals go for in Denver, NY?
The typical rental in Denver, NY commands about $927/mo monthly. That rent profile consistent cash flow against the $353K purchase basis.
How landlord-friendly is Denver, NY?
Rental owners in Denver, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What is the average home sale price in Denver, NY?
Homes in Denver, NY typically sell near $353K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
You know 12421 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12421 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.
AI Market Advisor
Ask questions about investing in 12421 (Denver)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 12421 (Denver, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.