Real Estate Investing in Morrisville, New York (13408)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13408 (Morrisville, 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: 22.7% 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 Morrisville, NY (13408)?
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Market Analysis: 13408 Morrisville
ZIP 13408 in Morrisville, NY carries a resilient set of headwinds. Home values near $244K and rents of $1,134/mo sit inside a market where underwriting has to be tight.
Rent of $1,134/mo on a $244K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13408 sits below the stated 0.0% once reality is priced in.
ZIP 13408's metrics run below Madison County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 13408 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 13408 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 Morrisville:
Property Strategy for 13408
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $199,033 | $1,260 | 4.6% | +10.1% | $99,517 |
| 3BR | $230,337 | $1,530 | 4.8% | +8.8% | $76,779 |
| 4BR | $247,973 | $1,670 | 4.8% | +8.8% | $61,993 |
Market Trends
Home Value History (with trend line)
📊 How Does 13408 Compare?
| Metric | 13408 | Morrisville | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $243,947 | $243,947 | N/A | $505,608 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 6.6% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13408 (Morrisville, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,947 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (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 13408
Population: 3,422
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 13408
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
Is it easy to find good tenants in Morrisville, NY?
Tenant quality in Morrisville, NY ranks as solid. Landlords generally report steady occupancy at market rents of $1,134/mo.
How does Morrisville, NY rate as a rental market?
Investors tracking Morrisville, NY will find a 3.0/5 rating supported by $244K median home values and $1,134/mo rents. That profile suits long-term holders targeting measured returns.
What are home prices like in Morrisville, NY?
Homes in Morrisville, NY typically sell near $244K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Do rentals sit vacant long in Morrisville, NY?
Morrisville, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strict are landlord regulations in Morrisville, NY?
For rental operators, Morrisville, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 13408 now. You don’t know where it ranks.
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How 13408 ranks in Syracuse, NY
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