Real Estate Investing in Parksville, New York (12768)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12768 (Parksville, 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: 54.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 13.2% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.2 — 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 Parksville, NY (12768)?
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Market Analysis: 12768 Parksville
Not every below-median market is a bargain. Parksville's 12768 ZIP posts signals that favor experienced operators who can absorb the risk $319K pricing implies.
The investment case in 12768 is solid only for operators who understand what they are buying. A $319K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Parksville have seen price recovery that 12768 has not matched. Sullivan County data supports the view that the spread is structural rather than temporary.
Employment concentration in 12768 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Parksville's stable or hybrid ZIPs before stepping into 12768. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parksville:
Property Strategy for 12768
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $255,506 | $1,170 | 3.3% | +11.7% | $127,753 |
| 3BR | $327,385 | $1,620 | 3.6% | +10.9% | $109,128 |
Market Trends
Home Value History (with trend line)
📊 How Does 12768 Compare?
| Metric | 12768 | Parksville | New York |
|---|---|---|---|
| Home Value | $318,745 | $318,745 | $505,608 |
| 5-Year CAGR | 5.5% | 5.5% | 6.6% |
| Avg Rent | $1,053 | $1,053 | - |
| 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 12768 (Parksville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $318,745 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 25.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 12768
Population: 805
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
Frequently Asked Questions
Is Parksville, NY a smart market for rental property?
The 3.0/5 investability rating in Parksville, NY reflects its $319K prices and $1,053/mo rents. Investors generally consider it a solid option within NY.
What is the rental occupancy rate in Parksville, NY?
Occupancy in Parksville, NY runs reliable with elevated vacancy. Well-priced units at $1,053/mo lease on reasonable timelines.
How strong are rents in Parksville, NY?
The typical rental in Parksville, NY commands about $1,053/mo monthly. That rent profile even-keeled cash flow against the $319K purchase basis.
Which real estate strategy fits Parksville, NY?
The best-fit strategy in Parksville, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What price range are homes in Parksville, NY?
Median home price in Parksville, NY is near $319K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
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