Real Estate Investing in Westport, New York (12993)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12993 (Westport, 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: 39.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.5% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Westport, NY (12993)?
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Market Analysis: 12993 Westport
ZIP 12993 inside Essex County looks affordable on the surface — median value of $282K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 12993 can be a a solid fit for hunting ground — but the discount at $282K reflects genuine risk that outside investors often underestimate.
In the broader NY picture, 12993 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 12993 ZIP's population of 1,730 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 12993 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Westport:
Property Strategy for 12993
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,482 | $1,180 | 3.8% | +8.1% | $111,241 |
| 3BR | $253,018 | $1,450 | 4.1% | +7.4% | $84,339 |
| 4BR | $372,325 | $1,640 | 3.2% | +6.9% | $93,081 |
Market Trends
Home Value History (with trend line)
📊 How Does 12993 Compare?
| Metric | 12993 | Westport | New York |
|---|---|---|---|
| Home Value | $282,027 | $282,027 | $505,608 |
| 5-Year CAGR | 6.0% | 6.0% | 6.6% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 12993 (Westport, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $282,027 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.9%). 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 12993
Population: 1,730
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 12993
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
Should investors consider Westport, NY?
Westport, NY clocks in at an investability rating of 3.0/5, with median home values near $282K and average rents around $1,062/mo. That combination puts it in the substantial tier for investor interest.
Is vacancy a concern in Westport, NY?
Westport, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Westport, NY?
Westport, NY rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $282K acquisition costs.
How viable is house hacking in Westport, NY?
Westport, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,062/mo rent level.
Is Westport, NY landlord-friendly?
The landlord environment in Westport, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
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