Real Estate Investing in Dannemora, New York (12929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12929 (Dannemora, 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: 16.3% 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 Dannemora, NY (12929)?
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Market Analysis: 12929 Dannemora
The 12929 ZIP covers a section of Dannemora that demands careful diligence. Prices near $164K look accessible, but the work to make a deal cash flow is real.
Put differently, the numbers look inviting — $164K purchase price, 0.0% nominal cap — the work to hit that pro forma in 12929 is substantial and deserves full respect.
Stepping back, 12929 offers a low basis, the region around Dannemora has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 12929 ZIP's population of 2,882 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Dannemora's stable or hybrid ZIPs before stepping into 12929. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dannemora:
Market Trends
Home Value History (with trend line)
📊 How Does 12929 Compare?
| Metric | 12929 | Dannemora | Plattsburgh, NY | New York |
|---|---|---|---|---|
| Home Value | $163,684 | $163,684 | N/A | $505,608 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12929 (Dannemora, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $163,684 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (5.0%). 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 12929
Population: 2,882
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
Investor Insight: With 566 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Dannemora, NY a smart market for rental property?
Dannemora, NY shows an investability rating of 3.0/5, with median home values near $164K and average rents around $1,044/mo. That combination puts it in the durable tier for investor interest.
What is the average monthly rent in Dannemora, NY?
The typical rental in Dannemora, NY commands about $1,044/mo monthly. That rent profile even-keeled cash flow against the $164K purchase basis.
Do landlords face vacancy issues in Dannemora, NY?
Dannemora, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Dannemora, NY suited for a house hack?
House hacking in Dannemora, NY is reasonable to execute. Prices around $164K and rents of $1,044/mo solid owner-occupant economics.
How do home values compare in Dannemora, NY?
Median home price in Dannemora, NY is near $164K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 12929 now. You don’t know where it ranks.
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