Real Estate Investing in Keene, New York (12942)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12942 (Keene, 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: 56.0% 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 26.1 — 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 Keene, NY (12942)?
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Market Analysis: 12942 Keene
Not every below-median market is a bargain. Keene's 12942 ZIP sits at signals that favor experienced operators who can absorb the risk $502K pricing implies.
The investment case in 12942 is substantial only for operators who understand what they are buying. A $502K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 12942's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 462 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.
Strategically, 12942 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Keene:
Property Strategy for 12942
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $401,970 | $1,780 | 3.2% | +9.1% | $200,985 |
| 3BR | $484,011 | $2,190 | 3.3% | +9.0% | $161,337 |
Market Trends
Home Value History (with trend line)
📊 How Does 12942 Compare?
| Metric | 12942 | Keene | New York |
|---|---|---|---|
| Home Value | $501,612 | $501,612 | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | 6.6% |
| Avg Rent | $1,602 | $1,602 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12942 (Keene, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $501,612 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.5%). 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 12942
Population: 462
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
Should investors consider Keene, NY?
Keene, NY scores 3.0/5 for investability. Home values sit at $502K and rents near $1,602/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is vacancy a concern in Keene, NY?
Keene, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $1,602/mo.
What approach is best for Keene, NY real estate?
A careful cash-flow rentals with hands-on management strategy Keene, NY best. The market produces even-keeled results for that approach at the $502K price point.
Can I house hack in Keene, NY?
House hacking works a challenging in Keene, NY. Rents of $1,602/mo against $502K acquisition make the strategy solid for owner-occupants.
Is it easy to find good tenants in Keene, NY?
The tenant pool in Keene, NY is solid, supported by local employment and population fundamentals. Rents of $1,602/mo are well-absorbed by the market.
You know 12942 now. You don’t know where it ranks.
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