Real Estate Investing in Morrisonville, New York (12962)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12962 (Morrisonville, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- 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 Morrisonville, NY (12962)?
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Market Analysis: 12962 Morrisonville
From a cash-flow lens, ZIP 12962 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $269K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 12962 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 12962 and stronger Morrisonville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 12962 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 12962 is an operator game, not a passive one. In practical terms, entry prices of $269K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morrisonville:
Property Strategy for 12962
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $179,777 | $1,340 | 5.4% | +6.8% | $89,888 |
| 3BR | $254,907 | $1,610 | 4.5% | +7.7% | $84,969 |
| 4BR | $318,448 | $1,770 | 4.0% | +7.8% | $79,612 |
Market Trends
Home Value History (with trend line)
📊 How Does 12962 Compare?
| Metric | 12962 | Morrisonville | Plattsburgh, NY | New York |
|---|---|---|---|---|
| Home Value | $269,213 | $269,213 | N/A | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 12962 (Morrisonville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $269,213 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (3.5%). 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 12962
Population: 5,131
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 12962
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.
🎓 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
What is the median home value in Morrisonville, NY?
Morrisonville, NY median home values land near $269K. That is reasonable territory for investors looking at $1,206/mo-per-month rentals.
Are rents high in Morrisonville, NY?
Rental rates in Morrisonville, NY average $1,206/mo. Tenant demand and $269K home values make the yield look reasonable by investor standards.
Is it easy to find good tenants in Morrisonville, NY?
Tenant quality in Morrisonville, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $1,206/mo.
How viable is house hacking in Morrisonville, NY?
Morrisonville, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,206/mo rent level.
Are landlord laws favorable in Morrisonville, NY?
For rental operators, Morrisonville, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 12962 now. You don’t know where it ranks.
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How 12962 ranks in Plattsburgh, NY
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