Real Estate Investing in Long Lake, New York (12847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12847 (Long 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: 79.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.9% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.1 — 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 Long Lake, NY (12847)?
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Market Analysis: 12847 Long Lake
Not every below-median market is a bargain. Long Lake's 12847 ZIP clocks in at signals that favor experienced operators who can absorb the risk $325K pricing implies.
Rent of $1,080/mo on a $325K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 12847 sits below the stated 0.0% once reality is priced in.
In the broader NY picture, 12847 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Put differently, 667 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.
Strategy in 12847 is an operator game, not a passive one. Put differently, entry prices of $325K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Long Lake:
Property Strategy for 12847
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $331,849 | $1,200 | 2.6% | +8.7% | $165,924 |
| 3BR | $412,973 | $1,450 | 2.5% | +7.6% | $137,658 |
| 4BR | $484,954 | $1,590 | 2.4% | +7.1% | $121,239 |
Market Trends
Home Value History (with trend line)
📊 How Does 12847 Compare?
| Metric | 12847 | Long Lake | New York |
|---|---|---|---|
| Home Value | $325,495 | $325,495 | $505,608 |
| 5-Year CAGR | 6.4% | 6.4% | 6.6% |
| Avg Rent | $1,080 | $1,080 | - |
| 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 12847 (Long Lake, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $325,495 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 12847
Population: 667
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 12847
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.
Frequently Asked Questions
How strong is Long Lake, NY for real estate investors?
Investors tracking Long Lake, NY will find a 3.0/5 rating supported by $325K median home values and $1,080/mo rents. That profile suits long-term holders targeting steady returns.
What is the average home sale price in Long Lake, NY?
Long Lake, NY home values average about $325K. That price point suits investors targeting rentals with $1,080/mo in monthly income.
Are rents high in Long Lake, NY?
Rental rates in Long Lake, NY average $1,080/mo. Tenant demand and $325K home values make the yield look reasonable by investor standards.
Is Long Lake, NY landlord-friendly?
Landlord-friendliness in Long Lake, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the rental occupancy rate in Long Lake, NY?
Rental vacancy in Long Lake, NY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 12847 now. You don’t know where it ranks.
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