Real Estate Investing in Adirondack, New York (12808)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12808 (Adirondack, 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: 78.5% 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 45.1 — 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 Adirondack, NY (12808)?
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Market Analysis: 12808 Adirondack
Not every below-median market is a bargain. Adirondack's 12808 ZIP reflects signals that favor experienced operators who can absorb the risk $614K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 12808 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 12808 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 12808 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 12808 is an operator game, not a passive one. Meanwhile, entry prices of $614K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Adirondack:
Property Strategy for 12808
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $389,481 | $1,260 | 2.3% | +8.7% | $194,740 |
| 3BR | $609,601 | $1,590 | 1.9% | +9.9% | $203,200 |
| 4BR | $746,545 | $1,710 | 1.6% | +9.9% | $186,636 |
Market Trends
Home Value History (with trend line)
📊 How Does 12808 Compare?
| Metric | 12808 | Adirondack | Glens Falls, NY | New York |
|---|---|---|---|---|
| Home Value | $613,554 | $613,554 | N/A | $505,608 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.6% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12808 (Adirondack, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $613,554 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 45.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (1.4%). 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 12808
Population: 283
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 worry about vacancy in Adirondack, NY?
Vacancy in Adirondack, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,134/mo.
Are landlord laws favorable in Adirondack, NY?
Adirondack, NY operates under NY law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is the tenant base reliable in Adirondack, NY?
The renter base in Adirondack, NY is reasonable for the $1,134/mo price point. Screening well and pricing to market typically yields consistent tenants.
Does a duplex house hack pencil in Adirondack, NY?
The a challenging house-hack environment in Adirondack, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Adirondack, NY better for rentals, flips, or BRRRR?
Adirondack, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($614K prices, $1,134/mo rents) make it a reasonable choice.
You know 12808 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12808 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 12808 ranks in Glens Falls, NY
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