Real Estate Investing in Phoenix, New York (13135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13135 (Phoenix, 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 Phoenix, NY (13135)?
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Market Analysis: 13135 Phoenix
Stepping back, ZIP 13135 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $254K median. It rewards specialists, not generalists.
From a cash-flow lens, the numbers look inviting — $254K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13135 is substantial and deserves full respect.
Looking more closely, 13135 offers a low basis, the region around Phoenix has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 13135 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 13135 is an operator game, not a passive one. Stepping back, entry prices of $254K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 13135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,597 | $1,290 | 5.3% | +9.3% | $88,299 |
| 3BR | $227,884 | $1,570 | 5.0% | +8.8% | $75,961 |
| 4BR | $315,715 | $1,710 | 3.9% | +9.1% | $78,929 |
| 5BR | $309,580 | — | — | +9.2% | $61,916 |
Market Trends
Home Value History (with trend line)
📊 How Does 13135 Compare?
| Metric | 13135 | Phoenix | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $254,450 | $254,450 | N/A | $505,608 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 6.6% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 13135 (Phoenix, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,450 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 13135
Population: 6,229
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 13135
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 much is rent in Phoenix, NY?
Average rent in Phoenix, NY is approximately $1,161/mo per month. Against $254K home values that yields a reasonable rent-to-price ratio.
Which investment style suits Phoenix, NY?
Most investors in Phoenix, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Phoenix, NY a good market for buy-and-hold investors?
Phoenix, NY scores 3.0/5 for investability. Home values sit at $254K and rents near $1,161/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is vacancy a concern in Phoenix, NY?
Occupancy in Phoenix, NY runs consistent with elevated vacancy. Well-priced units at $1,161/mo lease on reasonable timelines.
Does house hacking work in Phoenix, NY?
For house hackers, Phoenix, NY is a challenging. The $1,161/mo rent on a unit helps defray the mortgage on a $254K property.
You know 13135 now. You don’t know where it ranks.
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