Real Estate Investing in Shushan, New York (12873)
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Should you buy in 12873 (Shushan, 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: 19.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• 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 Shushan, NY (12873)?
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Market Analysis: 12873 Shushan
The 12873 ZIP in Shushan, NY is a local-operator market. Outside capital chasing a $307K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 12873 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 12873 and stronger Shushan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 12873 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. robust returns are possible in 12873, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Shushan:
Market Trends
Home Value History (with trend line)
📊 How Does 12873 Compare?
| Metric | 12873 | Shushan | Glens Falls, NY | New York |
|---|---|---|---|---|
| Home Value | $306,612 | $306,612 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12873 (Shushan, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,612 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 23.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.8%). 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 12873
Population: 820
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
Is Shushan, NY better for rentals, flips, or BRRRR?
Most investors in Shushan, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Do landlords face vacancy issues in Shushan, NY?
Shushan, NY carries elevated vacancy risk. Expect steady absorption at market rents of $1,098/mo.
What monthly rent should investors expect in Shushan, NY?
Investors in Shushan, NY typically see rents near $1,098/mo per month against $307K home values - a solid setup for rental cash flow.
Is Shushan, NY landlord-friendly?
Shushan, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What is the average home sale price in Shushan, NY?
In Shushan, NY the median home value sits at $307K. Against the broader NY market, that reads as reasonable for most investors.
You know 12873 now. You don’t know where it ranks.
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How 12873 ranks in Glens Falls, NY
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