Real Estate Investing in Woodbourne, New York (12788)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12788 (Woodbourne, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 29.4% 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 Woodbourne, NY (12788)?
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Market Analysis: 12788 Woodbourne
The 12788 ZIP covers a section of Woodbourne that demands careful diligence. Prices near $296K look accessible, but the work to make a deal cash flow is real.
The 12788 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NY, ZIP 12788 trails on several market indicators that neighboring Sullivan County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Meanwhile, 3,122 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Woodbourne's stable or hybrid ZIPs before stepping into 12788. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Woodbourne:
Property Strategy for 12788
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,314 | $1,110 | 3.8% | +13.7% | $106,157 |
| 3BR | $284,825 | $1,550 | 3.9% | +11.9% | $94,942 |
| 4BR | $343,443 | $1,640 | 3.4% | +13.3% | $85,861 |
Market Trends
Home Value History (with trend line)
📊 How Does 12788 Compare?
| Metric | 12788 | Woodbourne | New York |
|---|---|---|---|
| Home Value | $295,757 | $295,757 | $505,608 |
| 5-Year CAGR | 8.5% | 8.5% | 6.6% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12788 (Woodbourne, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,757 |
| Monthly Rent | $999 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 12788
Population: 3,122
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
Should investors consider Woodbourne, NY?
Yes - Woodbourne, NY a 3.0/5 investability score. With $296K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.
What are home prices like in Woodbourne, NY?
Homes in Woodbourne, NY typically sell near $296K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the average monthly rent in Woodbourne, NY?
The typical rental in Woodbourne, NY commands about $999/mo monthly. That rent profile steady cash flow against the $296K purchase basis.
What kind of tenants rent in Woodbourne, NY?
The renter base in Woodbourne, NY is reasonable for the $999/mo price point. Screening well and pricing to market typically yields stable tenants.
What real estate strategy is ideal for Woodbourne, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Woodbourne, NY. The numbers - $296K homes against $999/mo rents - support that play.
You know 12788 now. You don’t know where it ranks.
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