Real Estate Investing in Burke, New York (12917)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12917 (Burke, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.7% of homes vacant — above national norms.
- 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 Burke, NY (12917)?
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Market Analysis: 12917 Burke
Looking more closely, ZIP 12917 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $169K median. It rewards specialists, not generalists.
Rent of $972/mo on a $169K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 12917 sits below the stated 0.0% once reality is priced in.
Meanwhile, 12917 offers a low basis, the region around Burke has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 1,194 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 12917 is an operator game, not a passive one. Looking more closely, entry prices of $169K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Burke:
Property Strategy for 12917
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $160,899 | $1,340 | 6.0% | +6.0% | $53,633 |
| 4BR | $188,580 | $1,540 | 5.9% | +7.9% | $47,145 |
Market Trends
Home Value History (with trend line)
📊 How Does 12917 Compare?
| Metric | 12917 | Burke | Malone, NY | New York |
|---|---|---|---|---|
| Home Value | $168,527 | $168,527 | N/A | $505,608 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 6.6% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12917 (Burke, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,527 |
| Monthly Rent | $972 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.5%). 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 12917
Population: 1,194
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
What are home prices like in Burke, NY?
Homes in Burke, NY typically sell near $169K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Are renters plentiful in Burke, NY?
Expect a solid tenant pool in Burke, NY. The rental market absorbs $972/mo rents without meaningful friction.
Does house hacking work in Burke, NY?
For house hackers, Burke, NY is a challenging. The $972/mo rent on a unit helps defray the mortgage on a $169K property.
How quickly do rentals get leased in Burke, NY?
Burke, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Where do rents currently stand in Burke, NY?
Rent in Burke, NY is around $972/mo. The resulting rent-to-value relationship with $169K pricing is reasonable for most investor models.
You know 12917 now. You don’t know where it ranks.
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How 12917 ranks in Malone, NY
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