Real Estate Investing in Minoa, New York (13116)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13116 (Minoa, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Minoa, NY (13116)?
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Market Analysis: 13116 Minoa
This part of Onondaga County is not an easy win. The 13116 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
In practical terms, the numbers look inviting — $278K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13116 is substantial and deserves full respect.
In the broader NY picture, 13116 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 13116 ZIP's population of 3,657 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 13116 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 Minoa:
Property Strategy for 13116
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $183,378 | $1,430 | 5.6% | +10.4% | $91,689 |
| 3BR | $249,165 | $1,740 | 5.0% | +10.1% | $83,055 |
| 4BR | $294,414 | $1,900 | 4.6% | +10.1% | $73,603 |
Market Trends
Home Value History (with trend line)
📊 How Does 13116 Compare?
| Metric | 13116 | Minoa | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $277,869 | $277,869 | N/A | $505,608 |
| 5-Year CAGR | 9.6% | 9.6% | N/A | 6.6% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 13116 (Minoa, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,869 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +9.4% ▲ |
| 5-Year CAGR | +9.6% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 13116
Population: 3,657
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 13116
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PINE GROVE MIDDLE SCHOOL
WELLWOOD MIDDLE SCHOOL
FAYETTEVILLE ELEMENTARY SCHOOL
WOODLAND ELEMENTARY SCHOOL
EAST SYRACUSE MINOA CENTRAL HIGH SCHOOL
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 Minoa, NY?
Homes in Minoa, NY typically sell near $278K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the typical rental rate in Minoa, NY?
The typical rental in Minoa, NY commands about $1,287/mo monthly. That rent profile measured cash flow against the $278K purchase basis.
Is the tenant base reliable in Minoa, NY?
Tenant demand in Minoa, NY is solid. The local workforce $1,287/mo rents across most rental classes.
Do landlords face vacancy issues in Minoa, NY?
Rental vacancy in Minoa, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Which real estate strategy fits Minoa, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Minoa, NY. The numbers - $278K homes against $1,287/mo rents - support that play.
You know 13116 now. You don’t know where it ranks.
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How 13116 ranks in Syracuse, NY
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