Real Estate Investing in Modena, New York (12548)
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Should you buy in 12548 (Modena, 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.
- 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 Modena, NY (12548)?
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Market Analysis: 12548 Modena
The 12548 ZIP in Modena, NY is a local-operator market. Outside capital chasing a $465K entry has to pair deep knowledge with the discount.
The investment case in 12548 is robust only for operators who understand what they are buying. A $465K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Modena have seen price recovery that 12548 has not matched. Ulster County data supports the view that the spread is structural rather than temporary.
The 12548 ZIP's population of 1,039 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 12548, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Modena:
Market Trends
Home Value History (with trend line)
📊 How Does 12548 Compare?
| Metric | 12548 | Modena | Kingston, NY | New York |
|---|---|---|---|---|
| Home Value | $464,941 | $464,941 | N/A | $505,608 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.6% |
| Avg Rent | $1,881 | $1,881 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12548 (Modena, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $464,941 |
| Monthly Rent | $1,881 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 12548
Population: 1,039
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 2,469 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Modena, NY make sense for an investment property?
Modena, NY rates 3.0/5 for investability. With median values at $465K and rents near $1,881/mo, the market offers reasonable fundamentals for rental investors.
What is the rental occupancy rate in Modena, NY?
Modena, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Is Modena, NY a friendly market for rental owners?
NY ranks as a tenant-protective state for landlord-tenant law. Modena generally follows the statewide framework, so landlords face reasonable operating rules.
Is Modena, NY better for rentals, flips, or BRRRR?
In Modena, NY the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $465K prices and $1,881/mo rents suits that approach.
How much do tenants pay in Modena, NY?
Rents in Modena, NY run near $1,881/mo. Compared with median home prices of $465K that produces solid gross yields for typical rentals.
You know 12548 now. You don’t know where it ranks.
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How 12548 ranks in Kingston, NY
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