Real Estate Investing in Martville, New York (13111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13111 (Martville, 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: 20.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 25.8% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Martville, NY (13111)?
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Market Analysis: 13111 Martville
In practical terms, ZIP 13111 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $189K median. It rewards specialists, not generalists.
Rent of $1,134/mo on a $189K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13111 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Martville have seen price recovery that 13111 has not matched. Cayuga County data supports the view that the spread is structural rather than temporary.
Who lives in 13111 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 13111 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Martville:
Property Strategy for 13111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,791 | $1,260 | 5.9% | +7.8% | $77,395 |
| 3BR | $176,124 | $1,590 | 6.5% | +6.4% | $58,708 |
Market Trends
Home Value History (with trend line)
📊 How Does 13111 Compare?
| Metric | 13111 | Martville | Auburn, NY | New York |
|---|---|---|---|---|
| Home Value | $188,828 | $188,828 | N/A | $505,608 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.6% |
| Avg Rent | $1,134 | $1,134 | 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 13111 (Martville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,828 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 13111
Population: 1,660
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 tight is the rental market in Martville, NY?
Expect elevated vacancy in Martville, NY. Rents at $1,134/mo are absorbed by the tenant base without meaningful lag.
How much rent can I charge in Martville, NY?
Rent in Martville, NY is around $1,134/mo. The resulting rent-to-value relationship with $189K pricing is reasonable for most investor models.
Is it easy to find good tenants in Martville, NY?
The tenant pool in Martville, NY is solid, supported by local employment and population fundamentals. Rents of $1,134/mo are well-absorbed by the market.
Does house hacking make sense in Martville, NY?
Martville, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,134/mo rent level.
How should investors approach Martville, NY?
For Martville, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 13111 now. You don’t know where it ranks.
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How 13111 ranks in Auburn, NY
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