Real Estate Investing in Preble, New York (13141)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13141 (Preble, 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.
- High vacancy: 12.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Preble, NY (13141)?
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Market Analysis: 13141 Preble
ZIP 13141 in Preble, NY carries a significant set of headwinds. Home values near $225K and rents of $1,170/mo sit inside a market where underwriting has to be tight.
The 13141 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 13141 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 13141 ZIP's population of 643 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 13141 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 Preble:
Market Trends
Home Value History (with trend line)
📊 How Does 13141 Compare?
| Metric | 13141 | Preble | Cortland, NY | New York |
|---|---|---|---|---|
| Home Value | $225,066 | $225,066 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,170 | $1,170 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13141 (Preble, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,066 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.1%). 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 13141
Population: 643
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does Preble, NY make sense for an investment property?
Preble, NY reflects an investability rating of 3.0/5, with median home values near $225K and average rents around $1,170/mo. That combination puts it in the significant tier for investor interest.
Do landlords face vacancy issues in Preble, NY?
Preble, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Preble, NY landlord-friendly?
The landlord environment in Preble, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the tenant pool like in Preble, NY?
Working renters make up the core of the Preble, NY tenant base. The pool is reasonable for investors targeting long-term holds.
What monthly rent should investors expect in Preble, NY?
Preble, NY rentals go for roughly $1,170/mo a month. That puts gross yield in solid territory relative to $225K acquisition costs.
You know 13141 now. You don’t know where it ranks.
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How 13141 ranks in Cortland, NY
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