Real Estate Investing in Genoa, New York (13071)
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Should you buy in 13071 (Genoa, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
• 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 Genoa, NY (13071)?
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Market Analysis: 13071 Genoa
The 13071 ZIP in Genoa, NY is a local-operator market. Outside capital chasing a $228K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $228K asset, 13071 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 13071 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 13071 ZIP's population of 760 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 13071 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 Genoa:
Market Trends
Home Value History (with trend line)
📊 How Does 13071 Compare?
| Metric | 13071 | Genoa | Auburn, NY | New York |
|---|---|---|---|---|
| Home Value | $228,271 | $228,271 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13071 (Genoa, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,271 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.9%). 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 13071
Population: 760
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
Does Genoa, NY make sense for an investment property?
Genoa, NY clocks in at an investability rating of 3.0/5, with median home values near $228K and average rents around $1,143/mo. That combination puts it in the durable tier for investor interest.
How high is vacancy risk in Genoa, NY?
Vacancy in Genoa, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,143/mo.
Is Genoa, NY better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Genoa, NY. The numbers - $228K homes against $1,143/mo rents - support that play.
Does house hacking make sense in Genoa, NY?
The a challenging house-hack environment in Genoa, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average monthly rent in Genoa, NY?
The typical rental in Genoa, NY commands about $1,143/mo monthly. That rent profile predictable cash flow against the $228K purchase basis.
You know 13071 now. You don’t know where it ranks.
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How 13071 ranks in Auburn, NY
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