Real Estate Investing in Wassaic, New York (12592)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12592 (Wassaic, 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: 15.9% of homes vacant — above national norms.
- 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 Wassaic, NY (12592)?
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Market Analysis: 12592 Wassaic
Investors eyeing 12592 need to respect the fundamentals at play. Home values of $439K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 12592 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 12592 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 12592 includes headwinds that any investor should price in. Income distribution skews lower than Wassaic averages, and tenant stability requires active management.
The right play in 12592 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 Wassaic:
Property Strategy for 12592
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $340,226 | $1,720 | 3.6% | +8.0% | $170,113 |
| 3BR | $408,384 | $2,190 | 3.9% | +9.4% | $136,128 |
Market Trends
Home Value History (with trend line)
📊 How Does 12592 Compare?
| Metric | 12592 | Wassaic | Poughkeepsie-Newburgh-Middletown, NY | New York |
|---|---|---|---|---|
| Home Value | $439,025 | $439,025 | N/A | $505,608 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.6% |
| Avg Rent | $1,548 | $1,548 | N/A | - |
| 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 12592 (Wassaic, NY). Anonymous, moderated, never written by AI.
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Property managers serving Dutchess County
Manage rentals here? List your business →All County Metro offers full-service residential property management in Kissimmee, FL, and surrounding areas, focusing on maximizing rental property revenue. summary from their website
360 Property Management provides professional property management services for houses and homes in the Hudson Valley. summary from their website
Asset Property Services, Inc. provides real estate management services in Fishkill, NY. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $439,025 |
| Monthly Rent | $1,548 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 12592
Population: 1,280
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
Frequently Asked Questions
What kind of market is Wassaic, NY for investors?
Wassaic, NY scores 3.0/5 for investability. Home values sit at $439K and rents near $1,548/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What real estate strategy is ideal for Wassaic, NY?
The best-fit strategy in Wassaic, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much is rent in Wassaic, NY?
Rental rates in Wassaic, NY average $1,548/mo. Tenant demand and $439K home values make the yield look reasonable by investor standards.
What is the rental occupancy rate in Wassaic, NY?
Rental vacancy in Wassaic, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Wassaic, NY suited for a house hack?
House hacking in Wassaic, NY is reasonable to execute. Prices around $439K and rents of $1,548/mo solid owner-occupant economics.
You know 12592 now. You don’t know where it ranks.
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How 12592 ranks in Poughkeepsie-Newburgh-Middletown, NY
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