Real Estate Investing in Redford, New York (12978)
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Should you buy in 12978 (Redford, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• 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 Redford, NY (12978)?
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Market Analysis: 12978 Redford
The 12978 ZIP in Redford, NY is a local-operator market. Outside capital chasing a $162K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 12978 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 12978's metrics run below Clinton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A healthy renter share of 0% in 12978 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 12978 is an operator game, not a passive one. Turning to rents, entry prices of $162K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Redford:
Market Trends
Home Value History (with trend line)
📊 How Does 12978 Compare?
| Metric | 12978 | Redford | Plattsburgh, NY | New York |
|---|---|---|---|---|
| Home Value | $161,991 | $161,991 | N/A | $505,608 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.6% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12978 (Redford, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $161,991 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +18.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.1%). 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 12978
Population: 243
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 12978
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
SARANAC HIGH SCHOOL
SARANAC MIDDLE SCHOOL
SARANAC ELEMENTARY SCHOOL
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
Frequently Asked Questions
How strong is Redford, NY for real estate investors?
Redford, NY rates 3.0/5 for investability. With median values at $162K and rents near $1,053/mo, the market offers reasonable fundamentals for rental investors.
How much should I expect to pay for a home in Redford, NY?
Expect median prices around $162K in Redford, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How much is rent in Redford, NY?
Rents in Redford, NY run near $1,053/mo. Compared with median home prices of $162K that produces solid gross yields for typical rentals.
Is Redford, NY landlord-friendly?
NY ranks as a tenant-protective state for landlord-tenant law. Redford generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical vacancy rate in Redford, NY?
Redford, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 12978 now. You don’t know where it ranks.
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How 12978 ranks in Plattsburgh, NY
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