Real Estate Investing in Keene Valley, New York (12943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12943 (Keene Valley, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 69.1% 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 31.2 — 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 Valley, NY (12943)?
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Market Analysis: 12943 Keene Valley
This part of Essex County is not an easy win. The 12943 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,377/mo on a $515K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 12943 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 12943 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 12943 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 12943 is an operator game, not a passive one. Put differently, entry prices of $515K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Keene Valley:
Market Trends
Home Value History (with trend line)
📊 How Does 12943 Compare?
| Metric | 12943 | Keene Valley | New York |
|---|---|---|---|
| Home Value | $515,208 | $515,208 | $505,608 |
| 5-Year CAGR | 6.1% | 6.1% | 6.6% |
| Avg Rent | $1,377 | $1,377 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12943 (Keene Valley, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $515,208 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 31.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.1%). 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 12943
Population: 293
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
🎓 Schools in 12943
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is Keene Valley, NY a good place for real estate investing?
Keene Valley, NY records an investability rating of 3.0/5, with median home values near $515K and average rents around $1,377/mo. That combination puts it in the robust tier for investor interest.
What is the best play in Keene Valley, NY?
For Keene Valley, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Keene Valley, NY?
The typical rental in Keene Valley, NY commands about $1,377/mo monthly. That rent profile stable cash flow against the $515K purchase basis.
Is Keene Valley, NY landlord-friendly?
NY law tenant-protective for landlords, and Keene Valley inherits those rules. Investors should still review local ordinances for rental licensing.
Is housing expensive in Keene Valley, NY?
Keene Valley, NY home values average about $515K. That price point suits investors targeting rentals with $1,377/mo in monthly income.
You know 12943 now. You don’t know where it ranks.
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