Real Estate Investing in Hannibal, New York (13074)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13074 (Hannibal, 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.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- 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 Hannibal, NY (13074)?
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Market Analysis: 13074 Hannibal
The 13074 ZIP covers a section of Hannibal that demands careful diligence. Prices near $204K look accessible, but the work to make a deal cash flow is real.
The investment case in 13074 is notable only for operators who understand what they are buying. A $204K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 13074 sits on the difficult end of the NY spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 13074 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Hannibal's stable or hybrid ZIPs before stepping into 13074. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hannibal:
Property Strategy for 13074
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,408 | $1,360 | 6.3% | +8.9% | $77,204 |
| 3BR | $190,111 | $1,650 | 6.2% | +7.0% | $63,370 |
| 4BR | $214,952 | $1,810 | 6.1% | +6.6% | $53,738 |
Market Trends
Home Value History (with trend line)
📊 How Does 13074 Compare?
| Metric | 13074 | Hannibal | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $204,218 | $204,218 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13074 (Hannibal, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,218 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (4.7%). 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 13074
Population: 4,471
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 13074
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
Frequently Asked Questions
How do home values compare in Hannibal, NY?
The median home value in Hannibal, NY is roughly $204K. That puts it reasonable relative to the NY statewide average.
What real estate strategy is ideal for Hannibal, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Hannibal, NY. The numbers - $204K homes against $1,224/mo rents - support that play.
How deep is the rental pool in Hannibal, NY?
Hannibal, NY draws a steady base of working renters. Demand at the $1,224/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical vacancy rate in Hannibal, NY?
Expect elevated vacancy in Hannibal, NY. Rents at $1,224/mo are absorbed by the tenant base without meaningful lag.
Is Hannibal, NY suited for a house hack?
House hacking works a challenging in Hannibal, NY. Rents of $1,224/mo against $204K acquisition make the strategy solid for owner-occupants.
You know 13074 now. You don’t know where it ranks.
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How 13074 ranks in Syracuse, NY
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