Real Estate Investing in Freeville, New York (13068)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13068 (Freeville, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Freeville, NY (13068)?
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Market Analysis: 13068 Freeville
Meanwhile, ZIP 13068 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $306K median. It rewards specialists, not generalists.
Rent of $1,386/mo on a $306K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13068 sits below the stated 0.0% once reality is priced in.
In the broader NY picture, 13068 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 4,464 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Freeville:
Property Strategy for 13068
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,983 | $1,540 | 4.6% | +7.8% | $121,492 |
| 3BR | $295,512 | $1,850 | 4.5% | +8.3% | $98,504 |
| 4BR | $345,891 | $2,120 | 4.4% | +8.1% | $86,473 |
Market Trends
Home Value History (with trend line)
📊 How Does 13068 Compare?
| Metric | 13068 | Freeville | Ithaca, NY | New York |
|---|---|---|---|---|
| Home Value | $305,686 | $305,686 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 13068 (Freeville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,686 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.5%). 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 13068
Population: 4,464
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 13068
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,184 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Freeville, NY rate as a rental market?
Investors tracking Freeville, NY will find a 3.0/5 rating supported by $306K median home values and $1,386/mo rents. That profile suits long-term holders targeting stable returns.
How expensive is real estate in Freeville, NY?
In Freeville, NY the median home value sits at $306K. Against the broader NY market, that reads as reasonable for most investors.
What kind of vacancy should I budget for in Freeville, NY?
Expect elevated vacancy in Freeville, NY. Rents at $1,386/mo are absorbed by the tenant base without meaningful lag.
What is the typical renter like in Freeville, NY?
The renter base in Freeville, NY is reasonable for the $1,386/mo price point. Screening well and pricing to market typically yields reliable tenants.
How strong are rents in Freeville, NY?
Rent in Freeville, NY is around $1,386/mo. The resulting rent-to-value relationship with $306K pricing is reasonable for most investor models.
You know 13068 now. You don’t know where it ranks.
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How 13068 ranks in Ithaca, NY
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