Real Estate Investing in Bombay, New York (12914)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12914 (Bombay, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.5% 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 Bombay, NY (12914)?
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Market Analysis: 12914 Bombay
The 12914 ZIP covers a section of Bombay that demands careful diligence. Prices near $128K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 12914 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 12914 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 12914 ZIP's population of 892 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 12914, 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 Bombay:
Market Trends
Home Value History (with trend line)
📊 How Does 12914 Compare?
| Metric | 12914 | Bombay | Malone, NY | New York |
|---|---|---|---|---|
| Home Value | $127,820 | $127,820 | N/A | $505,608 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12914 (Bombay, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,820 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (5.3%). 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 12914
Population: 892
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
Frequently Asked Questions
Is real estate in Bombay, NY a good investment right now?
Bombay, NY rates 3.0/5 for investability. With median values at $128K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
Which real estate strategy fits Bombay, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bombay, NY. The numbers - $128K homes against $873/mo rents - support that play.
How strong are rents in Bombay, NY?
Investors in Bombay, NY typically see rents near $873/mo per month against $128K home values - a solid setup for rental cash flow.
How strong is tenant demand in Bombay, NY?
Bombay, NY draws a measured base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors worry about vacancy in Bombay, NY?
Bombay, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
You know 12914 now. You don’t know where it ranks.
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How 12914 ranks in Malone, NY
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