Real Estate Investing in Parish, New York (13131)
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Should you buy in 13131 (Parish, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parish, NY (13131)?
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Market Analysis: 13131 Parish
Not every below-median market is a bargain. Parish's 13131 ZIP shows signals that favor experienced operators who can absorb the risk $218K pricing implies.
The investment case in 13131 is substantial only for operators who understand what they are buying. A $218K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 13131 sits on the difficult end of the NY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 13131 ZIP's population of 2,856 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Parish:
Property Strategy for 13131
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $171,564 | $1,420 | 6.0% | +8.5% | $85,782 |
| 3BR | $206,408 | $1,730 | 6.0% | +7.6% | $68,803 |
| 4BR | $240,682 | $1,890 | 5.7% | +8.9% | $60,171 |
Market Trends
Home Value History (with trend line)
📊 How Does 13131 Compare?
| Metric | 13131 | Parish | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $218,353 | $218,353 | N/A | $505,608 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.6% |
| Avg Rent | $1,278 | $1,278 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 13131 (Parish, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,353 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (4.6%). 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 13131
Population: 2,856
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 13131
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
How expensive is real estate in Parish, NY?
In Parish, NY the median home value sits at $218K. Against the broader NY market, that reads as reasonable for most investors.
How do landlord-tenant laws work in Parish, NY?
Landlord-friendliness in Parish, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is it easy to find good tenants in Parish, NY?
Parish, NY offers a steady renter base at the $1,278/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is house hacking profitable in Parish, NY?
The a challenging house-hack environment in Parish, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Parish, NY a smart market for rental property?
Parish, NY records an investability rating of 3.0/5, with median home values near $218K and average rents around $1,278/mo. That combination puts it in the sturdy tier for investor interest.
You know 13131 now. You don’t know where it ranks.
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How 13131 ranks in Syracuse, NY
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