Real Estate Investing in Ulster Park, New York (12487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12487 (Ulster Park, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ulster Park, NY (12487)?
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Market Analysis: 12487 Ulster Park
This part of Ulster County is not an easy win. The 12487 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 12487 can be a worth a close look for hunting ground — but the discount at $448K reflects genuine risk that outside investors often underestimate.
The gap between 12487 and stronger Ulster Park ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 12487 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 12487 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 Ulster Park:
Property Strategy for 12487
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $350,385 | $2,010 | 4.1% | +11.7% | $175,193 |
| 3BR | $439,798 | $2,480 | 4.1% | +10.2% | $146,599 |
| 4BR | $505,075 | $2,660 | 3.8% | +10.5% | $126,269 |
Market Trends
Home Value History (with trend line)
📊 How Does 12487 Compare?
| Metric | 12487 | Ulster Park | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $448,495 | $448,495 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,809 | $1,809 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 12487 (Ulster Park, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,495 |
| Monthly Rent | $1,809 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.2%). 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 12487
Population: 3,829
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 2,482 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Ulster Park, NY?
Vacancy risk in Ulster Park, NY is elevated. That supports consistent cash flow for typical rental holds.
Which investment style suits Ulster Park, NY?
The best-fit strategy in Ulster Park, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the average home sale price in Ulster Park, NY?
Homes in Ulster Park, NY typically sell near $448K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Can I house hack in Ulster Park, NY?
House hacking works a challenging in Ulster Park, NY. Rents of $1,809/mo against $448K acquisition make the strategy solid for owner-occupants.
How deep is the rental pool in Ulster Park, NY?
The renter base in Ulster Park, NY is reasonable for the $1,809/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 12487 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12487 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 12487 ranks in Kingston, NY
Every ZIP in this metro, ranked. Free.
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