Real Estate Investing in Elbridge, New York (13060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13060 (Elbridge, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.6% 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 Elbridge, NY (13060)?
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Market Analysis: 13060 Elbridge
ZIP 13060 in Elbridge, NY carries a notable set of headwinds. Home values near $295K and rents of $1,125/mo sit inside a market where underwriting has to be tight.
The investment case in 13060 is solid only for operators who understand what they are buying. A $295K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NY picture, 13060 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 13060 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 13060 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 Elbridge:
Property Strategy for 13060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $208,246 | $1,250 | 4.3% | +9.8% | $104,123 |
| 3BR | $267,475 | $1,520 | 4.1% | +9.3% | $89,158 |
| 4BR | $308,061 | $1,660 | 3.9% | +9.1% | $77,015 |
Market Trends
Home Value History (with trend line)
📊 How Does 13060 Compare?
| Metric | 13060 | Elbridge | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $295,417 | $295,417 | N/A | $505,608 |
| 5-Year CAGR | 9.0% | 9.0% | N/A | 6.6% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 13060 (Elbridge, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,417 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +9.2% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.0%). 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 13060
Population: 2,845
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 13060
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
Investor Insight: With 2,923 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Elbridge, NY?
The best-fit strategy in Elbridge, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the tenant pool like in Elbridge, NY?
Elbridge, NY draws a even-keeled base of working renters. Demand at the $1,125/mo rent level is reasonable for standard single-family and small multi rentals.
Are there empty rentals in Elbridge, NY?
Elbridge, NY carries elevated vacancy risk. Expect steady absorption at market rents of $1,125/mo.
Can owner-occupants cash flow in Elbridge, NY?
House hacking in Elbridge, NY is a challenging. With home values around $295K and rents at $1,125/mo, owner-occupants can offset a meaningful share of PITI.
Is Elbridge, NY landlord-friendly?
Landlord-friendliness in Elbridge, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 13060 now. You don’t know where it ranks.
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How 13060 ranks in Syracuse, NY
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