Real Estate Investing in Clay, New York (13041)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13041 (Clay, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Clay, NY (13041)?
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Market Analysis: 13041 Clay
This part of Onondaga County is not an easy win. The 13041 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $325K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13041 is substantial and deserves full respect.
Nearby ZIPs in Clay have seen price recovery that 13041 has not matched. Onondaga County data supports the view that the spread is structural rather than temporary.
Resident income in 13041 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 13041 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Clay:
Property Strategy for 13041
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $175,257 | $1,840 | 7.6% | +10.5% | $87,628 |
| 3BR | $275,402 | $2,240 | 5.9% | +10.1% | $91,801 |
| 4BR | $365,345 | $2,440 | 4.8% | +10.0% | $91,336 |
| 5BR | $488,706 | — | — | +10.6% | $97,741 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13041 Compare?
| Metric | 13041 | Clay | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $324,676 | $324,676 | N/A | $505,608 |
| 5-Year CAGR | 9.3% | 9.3% | N/A | 6.6% |
| Avg Rent | $2,575 | $2,575 | N/A | - |
| Cap Rate | 6.2% | 6.2% | - | - |
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 13041 (Clay, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $324,676 |
| Monthly Rent | $2,575 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 15.5% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (6.2%). 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 13041
Population: 12,094
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 13041
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MORGAN ROAD MIDDLE SCHOOL
SOULE ROAD MIDDLE SCHOOL
ELMCREST ELEMENTARY SCHOOL
LONG BRANCH ELEMENTARY SCHOOL
MORGAN ROAD 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 do home values compare in Clay, NY?
In Clay, NY the median home value sits at $325K. Against the broader NY market, that reads as reasonable for most investors.
How qualified is the tenant pool in Clay, NY?
The tenant pool in Clay, NY is solid, supported by local employment and population fundamentals. Rents of $2,575/mo are well-absorbed by the market.
How high is vacancy risk in Clay, NY?
Clay, NY carries elevated vacancy risk. Expect stable absorption at market rents of $2,575/mo.
Which real estate strategy fits Clay, NY?
The best-fit strategy in Clay, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How landlord-friendly is Clay, NY?
The landlord environment in Clay, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 13041 now. You don’t know where it ranks.
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How 13041 ranks in Syracuse, NY
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