Real Estate Investing in Seneca Falls, New York (13148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13148 (Seneca Falls, 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: 12.0% 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 Seneca Falls, NY (13148)?
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Market Analysis: 13148 Seneca Falls
The 13148 ZIP in Seneca Falls, NY is a local-operator market. Outside capital chasing a $215K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $215K asset, 13148 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 13148 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 13148 includes headwinds that any investor should price in. Income distribution skews lower than Seneca Falls averages, and tenant stability requires active management.
The 13148 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Seneca Falls:
Property Strategy for 13148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,830 | $1,290 | 5.7% | +8.8% | $81,915 |
| 3BR | $198,312 | $1,550 | 5.6% | +8.6% | $66,104 |
| 4BR | $239,377 | $1,950 | 5.9% | +9.2% | $59,844 |
| 5BR | $279,709 | — | — | +8.3% | $55,942 |
Market Trends
Home Value History (with trend line)
📊 How Does 13148 Compare?
| Metric | 13148 | Seneca Falls | Seneca Falls, NY | New York |
|---|---|---|---|---|
| Home Value | $215,070 | $215,070 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 13148 (Seneca Falls, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,070 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.2%). 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 13148
Population: 10,798
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 13148
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 1,109 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Seneca Falls, NY?
In Seneca Falls, NY the median home value sits at $215K. Against the broader NY market, that reads as reasonable for most investors.
What is it like being a landlord in Seneca Falls, NY?
NY law tenant-protective for landlords, and Seneca Falls inherits those rules. Investors should still review local ordinances for rental licensing.
What is the renter demographic in Seneca Falls, NY?
Seneca Falls, NY offers a predictable renter base at the $1,161/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I house hack in Seneca Falls, NY?
Seneca Falls, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $215K price point reasonable to enter.
Is Seneca Falls in NY worth investing in?
Investors tracking Seneca Falls, NY will find a 3.0/5 rating supported by $215K median home values and $1,161/mo rents. That profile suits long-term holders targeting reliable returns.
You know 13148 now. You don’t know where it ranks.
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How 13148 ranks in Seneca Falls, NY
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