Real Estate Investing in Wawarsing, New York (12489)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12489 (Wawarsing, 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: 8.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Lower household income: $26,852 median — tenant affordability is tighter.
• 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 Wawarsing, NY (12489)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 12489 Wawarsing
Investors eyeing 12489 need to respect the fundamentals at play. Home values of $306K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $306K asset, 12489 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 12489 trails on several market indicators that neighboring Ulster County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 12489 includes headwinds that any investor should price in. Income distribution skews lower than Wawarsing averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 12489 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 Wawarsing:
Market Trends
Home Value History (with trend line)
📊 How Does 12489 Compare?
| Metric | 12489 | Wawarsing | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $306,303 | $306,303 | N/A | $505,608 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.6% |
| Avg Rent | $1,458 | $1,458 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 12489 (Wawarsing, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 12489 (Wawarsing, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $306,303 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.7%). 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 12489
Population: 114
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 845 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Wawarsing, NY?
Expect rents around $1,458/mo per month in Wawarsing, NY. With home values at $306K, the yield math works out to reasonable levels for rental investors.
Can I house hack in Wawarsing, NY?
For house hackers, Wawarsing, NY is a challenging. The $1,458/mo rent on a unit helps defray the mortgage on a $306K property.
What strategy should investors use in Wawarsing, NY?
Wawarsing, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($306K prices, $1,458/mo rents) make it a reasonable choice.
What is the rental occupancy rate in Wawarsing, NY?
Wawarsing, NY carries elevated vacancy risk. Expect reliable absorption at market rents of $1,458/mo.
How much does a house cost in Wawarsing, NY?
Wawarsing, NY home values average about $306K. That price point suits investors targeting rentals with $1,458/mo in monthly income.
You know 12489 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12489 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 12489 ranks in Kingston, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 12489 (Wawarsing)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 12489 (Wawarsing, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.