Real Estate Investing in Fort Edward, New York (12828)
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Should you buy in 12828 (Fort Edward, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- 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 Fort Edward, NY (12828)?
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Market Analysis: 12828 Fort Edward
ZIP 12828 in Fort Edward, NY carries a durable set of headwinds. Home values near $284K and rents of $1,377/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $284K asset, 12828 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 12828's metrics run below Saratoga County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 12828 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 12828 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 Fort Edward:
Property Strategy for 12828
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,775 | $1,530 | 4.9% | +6.3% | $113,388 |
| 3BR | $283,702 | $1,900 | 4.8% | +6.2% | $94,567 |
| 4BR | $297,444 | $2,020 | 4.9% | +6.1% | $74,361 |
| 5BR | $271,019 | — | — | +5.2% | $54,204 |
Market Trends
Home Value History (with trend line)
📊 How Does 12828 Compare?
| Metric | 12828 | Fort Edward | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $283,835 | $283,835 | N/A | $505,608 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.6% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12828 (Fort Edward, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,835 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.8%). 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 12828
Population: 9,775
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 12828
Schools in This ZIP Code
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How quickly do rentals get leased in Fort Edward, NY?
Vacancy in Fort Edward, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,377/mo.
Is Fort Edward, NY suited for a house hack?
House hacking in Fort Edward, NY is reasonable to execute. Prices around $284K and rents of $1,377/mo solid owner-occupant economics.
How much is rent in Fort Edward, NY?
Rental rates in Fort Edward, NY average $1,377/mo. Tenant demand and $284K home values make the yield look reasonable by investor standards.
What is the typical home price in Fort Edward, NY?
Median home price in Fort Edward, NY is near $284K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How does Fort Edward, NY rate as a rental market?
Investors tracking Fort Edward, NY will find a 3.0/5 rating supported by $284K median home values and $1,377/mo rents. That profile suits long-term holders targeting reliable returns.
You know 12828 now. You don’t know where it ranks.
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How 12828 ranks in Albany-Schenectady-Troy, NY
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