Real Estate Investing in Locke, New York (13092)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13092 (Locke, 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: 11.7% 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 Locke, NY (13092)?
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Market Analysis: 13092 Locke
Not every below-median market is a bargain. Locke's 13092 ZIP clocks in at signals that favor experienced operators who can absorb the risk $245K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $245K asset, 13092 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 13092's metrics run below Cayuga County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 13092 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
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 Locke:
Property Strategy for 13092
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $196,928 | $1,540 | 5.6% | +6.3% | $98,464 |
| 3BR | $231,912 | $1,850 | 5.7% | +8.0% | $77,304 |
| 4BR | $277,816 | $2,140 | 5.5% | +8.7% | $69,454 |
Market Trends
Home Value History (with trend line)
📊 How Does 13092 Compare?
| Metric | 13092 | Locke | Auburn, NY | New York |
|---|---|---|---|---|
| Home Value | $244,981 | $244,981 | N/A | $505,608 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.6% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 13092 (Locke, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,981 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (4.4%). 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 13092
Population: 2,707
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
Investor Insight: With 1,184 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Locke, NY a good place for real estate investing?
With a 3.0/5 investability score, Locke, NY ranks as a solid market for rental property investors. Median prices of $245K and rents of $1,386/mo drive the underlying numbers.
What are rental rates like in Locke, NY?
Rents in Locke, NY run near $1,386/mo. Compared with median home prices of $245K that produces solid gross yields for typical rentals.
Does house hacking make sense in Locke, NY?
For house hackers, Locke, NY is a challenging. The $1,386/mo rent on a unit helps defray the mortgage on a $245K property.
Should investors worry about vacancy in Locke, NY?
Vacancy risk in Locke, NY is elevated. That supports even-keeled cash flow for typical rental holds.
How expensive is real estate in Locke, NY?
Homes in Locke, NY typically sell near $245K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 13092 now. You don’t know where it ranks.
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How 13092 ranks in Auburn, NY
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