Real Estate Investing in Bernhards Bay, New York (13028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13028 (Bernhards Bay, 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.
- High vacancy: 46.9% of homes vacant — above national norms.
- 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 Bernhards Bay, NY (13028)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13028 Bernhards Bay
On the rental side, ZIP 13028 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $242K median. It rewards specialists, not generalists.
The investment case in 13028 is robust only for operators who understand what they are buying. A $242K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 13028 offers a low basis, the region around Bernhards Bay has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 913 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.
Experienced landlords with local relationships tend to find 13028 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bernhards Bay:
Property Strategy for 13028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,603 | $1,250 | 5.1% | +10.1% | $88,801 |
| 3BR | $249,551 | $1,510 | 4.4% | +9.8% | $83,184 |
Market Trends
Home Value History (with trend line)
📊 How Does 13028 Compare?
| Metric | 13028 | Bernhards Bay | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $241,822 | $241,822 | N/A | $505,608 |
| 5-Year CAGR | 9.2% | 9.2% | N/A | 6.6% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 13028 (Bernhards Bay, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 13028 (Bernhards Bay, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $241,822 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +15.0% ▲ |
| 3-Year CAGR | +9.8% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.6%). 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 13028
Population: 913
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Bernhards Bay, NY a smart market for rental property?
The 3.0/5 investability rating in Bernhards Bay, NY reflects its $242K prices and $1,125/mo rents. Investors generally consider it a solid option within NY.
How strong is tenant demand in Bernhards Bay, NY?
Working renters make up the core of the Bernhards Bay, NY tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of vacancy should I budget for in Bernhards Bay, NY?
Occupancy in Bernhards Bay, NY runs reliable with elevated vacancy. Well-priced units at $1,125/mo lease on reasonable timelines.
Does Bernhards Bay, NY favor landlords or tenants?
Bernhards Bay, NY operates under NY law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the typical rental rate in Bernhards Bay, NY?
The typical rental in Bernhards Bay, NY commands about $1,125/mo monthly. That rent profile even-keeled cash flow against the $242K purchase basis.
You know 13028 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13028 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 13028 ranks in Syracuse, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 13028 (Bernhards Bay)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 13028 (Bernhards Bay, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.