Real Estate Investing in Putnam Station, New York (12861)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12861 (Putnam Station, 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: 58.3% 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 29.0 — 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 Putnam Station, NY (12861)?
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Market Analysis: 12861 Putnam Station
This part of Washington County is not an easy win. The 12861 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 12861 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 12861 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 12861 includes headwinds that any investor should price in. Income distribution skews lower than Putnam Station averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 12861 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Putnam Station:
Property Strategy for 12861
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $304,827 | $1,220 | 2.9% | — | $152,414 |
| 3BR | $379,326 | $1,580 | 3.0% | +6.3% | $126,442 |
Market Trends
Home Value History (with trend line)
📊 How Does 12861 Compare?
| Metric | 12861 | Putnam Station | Glens Falls, NY | New York |
|---|---|---|---|---|
| Home Value | $381,836 | $381,836 | N/A | $505,608 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.6% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12861 (Putnam Station, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $381,836 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.2%). 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 12861
Population: 516
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 12861
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
Is housing expensive in Putnam Station, NY?
The median home value in Putnam Station, NY is roughly $382K. That puts it reasonable relative to the NY statewide average.
How strong are rents in Putnam Station, NY?
Rental rates in Putnam Station, NY average $1,098/mo. Tenant demand and $382K home values make the yield look reasonable by investor standards.
What is the tenant pool like in Putnam Station, NY?
Tenant demand in Putnam Station, NY is solid. The local workforce $1,098/mo rents across most rental classes.
Is Putnam Station, NY a friendly market for rental owners?
NY ranks as a tenant-protective state for landlord-tenant law. Putnam Station generally follows the statewide framework, so landlords face reasonable operating rules.
How viable is house hacking in Putnam Station, NY?
For house hackers, Putnam Station, NY is a challenging. The $1,098/mo rent on a unit helps defray the mortgage on a $382K property.
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How 12861 ranks in Glens Falls, NY
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