Real Estate Investing in Round Top, New York (12473)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12473 (Round Top, 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: 48.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• 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 Round Top, NY (12473)?
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Market Analysis: 12473 Round Top
Turning to rents, ZIP 12473 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $385K median. It rewards specialists, not generalists.
For an experienced owner, 12473 can be a a strong candidate for hunting ground — but the discount at $385K reflects genuine risk that outside investors often underestimate.
Turning to rents, 12473 offers a low basis, the region around Round Top has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Stepping back, 693 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 12473 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Round Top:
Market Trends
Home Value History (with trend line)
📊 How Does 12473 Compare?
| Metric | 12473 | Round Top | New York |
|---|---|---|---|
| Home Value | $385,135 | $385,135 | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | 6.6% |
| Avg Rent | $1,359 | $1,359 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12473 (Round Top, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $385,135 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.8%). 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 12473
Population: 693
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
🎓 Nearby Colleges & Universities
Investor Insight: With 547 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Round Top, NY?
Expect a solid tenant pool in Round Top, NY. The rental market absorbs $1,359/mo rents without meaningful friction.
Is Round Top, NY good for landlords?
NY law tenant-protective for landlords, and Round Top inherits those rules. Investors should still review local ordinances for rental licensing.
What price range are homes in Round Top, NY?
Round Top, NY home values average about $385K. That price point suits investors targeting rentals with $1,359/mo in monthly income.
Is Round Top, NY suited for a house hack?
House hacking in Round Top, NY is a challenging. With home values around $385K and rents at $1,359/mo, owner-occupants can offset a meaningful share of PITI.
Is vacancy a concern in Round Top, NY?
Round Top, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $1,359/mo.
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