Real Estate Investing in Highland Lake, New York (12743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12743 (Highland Lake, 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: 54.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• 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 Lake, NY (12743)?
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Market Analysis: 12743 Highland Lake
On balance, ZIP 12743 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $416K median. It rewards specialists, not generalists.
For an experienced owner, 12743 can be a a credible choice for hunting ground — but the discount at $416K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 12743 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 12743 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Highland Lake's stable or hybrid ZIPs before stepping into 12743. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Highland Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 12743 Compare?
| Metric | 12743 | Highland Lake | New York |
|---|---|---|---|
| Home Value | $415,796 | $415,796 | $505,608 |
| 5-Year CAGR | 6.2% | 6.2% | 6.6% |
| Avg Rent | $1,386 | $1,386 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12743 (Highland Lake, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $415,796 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.6%). 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 12743
Population: 319
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
🎓 Schools in 12743
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
ELDRED JUNIOR-SENIOR HIGH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Should investors consider Highland Lake, NY?
Investors tracking Highland Lake, NY will find a 3.0/5 rating supported by $416K median home values and $1,386/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is the rental occupancy rate in Highland Lake, NY?
Vacancy risk in Highland Lake, NY is elevated. That supports stable cash flow for typical rental holds.
Where do rents currently stand in Highland Lake, NY?
Rents in Highland Lake, NY run near $1,386/mo. Compared with median home prices of $416K that produces solid gross yields for typical rentals.
Can owner-occupants cash flow in Highland Lake, NY?
The a challenging house-hack environment in Highland Lake, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the renter demographic in Highland Lake, NY?
Expect a solid tenant pool in Highland Lake, NY. The rental market absorbs $1,386/mo rents without meaningful friction.
You know 12743 now. You don’t know where it ranks.
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