Real Estate Investing in Highland, New York (12493)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12493 (Highland, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 63.6% 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 Highland, NY (12493)?
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Market Analysis: 12493 Highland
This part of Ulster County is not an easy win. The 12493 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,989/mo on a $546K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 12493 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Highland have seen price recovery that 12493 has not matched. Ulster County data supports the view that the spread is structural rather than temporary.
Who lives in 12493 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Highland:
Market Trends
Home Value History (with trend line)
📊 How Does 12493 Compare?
| Metric | 12493 | Highland | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $545,842 | $492,661 | N/A | $505,608 |
| 5-Year CAGR | 5.6% | 6.2% | N/A | 6.6% |
| Avg Rent | $1,989 | $1,961 | N/A | - |
| Cap Rate | 2.8% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12493 (Highland, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $545,842 |
| Monthly Rent | $1,989 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (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 12493
Population: 343
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
How much does a house cost in Highland, NY?
Highland, NY median home values land near $546K. That is reasonable territory for investors looking at $1,989/mo-per-month rentals.
How qualified is the tenant pool in Highland, NY?
Tenant quality in Highland, NY ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,989/mo.
How do landlord-tenant laws work in Highland, NY?
Highland, NY operates under NY law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
What is the typical rental rate in Highland, NY?
Highland, NY rentals go for roughly $1,989/mo a month. That puts gross yield in solid territory relative to $546K acquisition costs.
Is vacancy a concern in Highland, NY?
Vacancy in Highland, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,989/mo.
You know 12493 now. You don’t know where it ranks.
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How 12493 ranks in Kingston, NY
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