Real Estate Investing in Nedrow, New York (13120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13120 (Nedrow, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- 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 Nedrow, NY (13120)?
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Market Analysis: 13120 Nedrow
The 13120 ZIP covers a section of Nedrow that demands careful diligence. Prices near $190K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $190K asset, 13120 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 13120 trails on several market indicators that neighboring Onondaga County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Resident income in 13120 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Nedrow's stable or hybrid ZIPs before stepping into 13120. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Nedrow:
Property Strategy for 13120
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,486 | $1,560 | 8.0% | +12.1% | $70,243 |
| 3BR | $181,341 | $1,900 | 7.5% | +10.3% | $60,447 |
| 4BR | $211,978 | $2,070 | 7.0% | +10.0% | $52,994 |
Market Trends
Home Value History (with trend line)
📊 How Does 13120 Compare?
| Metric | 13120 | Nedrow | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $189,647 | $189,647 | N/A | $505,608 |
| 5-Year CAGR | 9.1% | 9.1% | N/A | 6.6% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
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 13120 (Nedrow, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,647 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 14.9% |
📈 Home Appreciation
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +9.9% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (5.8%). 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 13120
Population: 1,881
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 13120
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 1,824 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Nedrow, NY a good market for buy-and-hold investors?
Nedrow, NY rates 3.0/5 for investability. With median values at $190K and rents near $1,404/mo, the market offers reasonable fundamentals for rental investors.
Should investors worry about vacancy in Nedrow, NY?
Vacancy risk in Nedrow, NY is elevated. That supports reliable cash flow for typical rental holds.
What is the typical renter like in Nedrow, NY?
The renter base in Nedrow, NY is reasonable for the $1,404/mo price point. Screening well and pricing to market typically yields steady tenants.
Can I house hack in Nedrow, NY?
House hacking in Nedrow, NY is a challenging. With home values around $190K and rents at $1,404/mo, owner-occupants can offset a meaningful share of PITI.
Which investment style suits Nedrow, NY?
In Nedrow, NY the robust play is typically careful cash-flow rentals with hands-on management. The combination of $190K prices and $1,404/mo rents suits that approach.
You know 13120 now. You don’t know where it ranks.
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How 13120 ranks in Syracuse, NY
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