Real Estate Investing in Moravia, New York (13118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13118 (Moravia, 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: 23.2% of homes vacant — above national norms.
- 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 Moravia, NY (13118)?
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Market Analysis: 13118 Moravia
ZIP 13118 inside Cayuga County looks affordable on the surface — median value of $268K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $268K asset, 13118 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 13118 trails on several market indicators that neighboring Cayuga County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 13118 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 13118 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Moravia:
Property Strategy for 13118
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,691 | $1,070 | 3.2% | +7.3% | $121,346 |
| 3BR | $250,901 | $1,390 | 4.0% | +6.3% | $83,634 |
| 4BR | $274,547 | $1,600 | 4.2% | +7.1% | $68,637 |
| 5BR | $276,304 | — | — | +5.6% | $55,261 |
Market Trends
Home Value History (with trend line)
📊 How Does 13118 Compare?
| Metric | 13118 | Moravia | Auburn, NY | New York |
|---|---|---|---|---|
| Home Value | $267,835 | $267,835 | N/A | $505,608 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13118 (Moravia, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,835 |
| Monthly Rent | $963 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.8%). 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 13118
Population: 5,514
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 13118
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
What monthly rent should investors expect in Moravia, NY?
Rents in Moravia, NY run near $963/mo. Compared with median home prices of $268K that produces solid gross yields for typical rentals.
What kind of vacancy should I budget for in Moravia, NY?
Rental vacancy in Moravia, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Moravia, NY a good place for real estate investing?
With a 3.0/5 investability score, Moravia, NY ranks as a solid market for rental property investors. Median prices of $268K and rents of $963/mo drive the underlying numbers.
What price range are homes in Moravia, NY?
Homes in Moravia, NY typically sell near $268K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How deep is the rental pool in Moravia, NY?
Moravia, NY draws a reliable base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
You know 13118 now. You don’t know where it ranks.
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How 13118 ranks in Auburn, NY
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