Real Estate Investing in Erieville, New York (13061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13061 (Erieville, 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: 50.2% 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 Erieville, NY (13061)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13061 Erieville
ZIP 13061 inside Madison County looks affordable on the surface — median value of $305K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $305K asset, 13061 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 13061 trails on several market indicators that neighboring Madison County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 13061 ZIP's population of 641 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Experienced landlords with local relationships tend to find 13061 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 Erieville:
Property Strategy for 13061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $247,594 | $1,290 | 3.8% | +11.6% | $123,797 |
| 3BR | $317,602 | $1,580 | 3.6% | +9.7% | $105,867 |
| 4BR | $349,579 | $1,720 | 3.5% | — | $87,395 |
Market Trends
Home Value History (with trend line)
📊 How Does 13061 Compare?
| Metric | 13061 | Erieville | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $305,353 | $305,353 | N/A | $505,608 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 6.6% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 13061 (Erieville, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 13061 (Erieville, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $305,353 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.0%). 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 13061
Population: 641
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
How expensive is real estate in Erieville, NY?
In Erieville, NY the median home value sits at $305K. Against the broader NY market, that reads as reasonable for most investors.
What is the average monthly rent in Erieville, NY?
The typical rental in Erieville, NY commands about $1,161/mo monthly. That rent profile consistent cash flow against the $305K purchase basis.
Can owner-occupants cash flow in Erieville, NY?
The house hack math a challenging in Erieville, NY. Owner-occupant buyers benefit from the $1,161/mo rents and $305K home values.
How do landlord-tenant laws work in Erieville, NY?
Landlord-friendliness in Erieville, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What approach is best for Erieville, NY real estate?
Erieville, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($305K prices, $1,161/mo rents) make it a reasonable choice.
You know 13061 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13061 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 13061 ranks in Syracuse, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 13061 (Erieville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 13061 (Erieville, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.