Real Estate Investing in Mexico, New York (13114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13114 (Mexico, 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.
- 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 Mexico, NY (13114)?
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Market Analysis: 13114 Mexico
The 13114 ZIP covers a section of Mexico that demands careful diligence. Prices near $232K look accessible, but the work to make a deal cash flow is real.
Rent of $1,071/mo on a $232K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13114 sits below the stated 0.0% once reality is priced in.
Within NY, ZIP 13114 trails on several market indicators that neighboring Oswego County submarkets outperform. The gap is real and resilient enough to shape underwriting.
A durable renter share of 22% in 13114 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Mexico's stable or hybrid ZIPs before stepping into 13114. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mexico:
Property Strategy for 13114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $183,393 | $1,190 | 4.7% | +7.5% | $91,696 |
| 3BR | $219,260 | $1,460 | 4.8% | +7.5% | $73,087 |
| 4BR | $251,644 | $1,640 | 4.7% | +8.0% | $62,911 |
Market Trends
Home Value History (with trend line)
📊 How Does 13114 Compare?
| Metric | 13114 | Mexico | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $231,631 | $231,631 | N/A | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13114 (Mexico, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,631 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (3.6%). 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 13114
Population: 7,313
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 13114
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
Does a duplex house hack pencil in Mexico, NY?
House hacking in Mexico, NY is reasonable to execute. Prices around $232K and rents of $1,071/mo solid owner-occupant economics.
How strong is tenant demand in Mexico, NY?
Expect a solid tenant pool in Mexico, NY. The rental market absorbs $1,071/mo rents without meaningful friction.
What is it like being a landlord in Mexico, NY?
The landlord environment in Mexico, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How much rent can I charge in Mexico, NY?
Rental rates in Mexico, NY average $1,071/mo. Tenant demand and $232K home values make the yield look reasonable by investor standards.
Is vacancy a concern in Mexico, NY?
Occupancy in Mexico, NY runs stable with elevated vacancy. Well-priced units at $1,071/mo lease on reasonable timelines.
You know 13114 now. You don’t know where it ranks.
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How 13114 ranks in Syracuse, NY
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