Real Estate Investing in South Otselic, New York (13155)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13155 (South Otselic, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.2% 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 South Otselic, NY (13155)?
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Market Analysis: 13155 South Otselic
The 13155 ZIP in South Otselic, NY is a local-operator market. Outside capital chasing a $122K entry has to pair deep knowledge with the discount.
The 13155 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 13155's metrics run below Chenango County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 13155 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 13155, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in South Otselic:
Market Trends
Home Value History (with trend line)
📊 How Does 13155 Compare?
| Metric | 13155 | South Otselic | New York |
|---|---|---|---|
| Home Value | $121,684 | $121,684 | $505,608 |
| 5-Year CAGR | 4.3% | 4.3% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 5.6% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13155 (South Otselic, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,684 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +20.0% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (5.6%). 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 13155
Population: 654
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 13155
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
Are homes affordable in South Otselic, NY?
Median home price in South Otselic, NY is near $122K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Are there empty rentals in South Otselic, NY?
Occupancy in South Otselic, NY runs reliable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
Is South Otselic, NY a friendly market for rental owners?
NY ranks as a tenant-protective state for landlord-tenant law. South Otselic generally follows the statewide framework, so landlords face reasonable operating rules.
Is South Otselic, NY good for house hacking?
The a challenging house-hack environment in South Otselic, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are tenants stable in South Otselic, NY?
South Otselic, NY offers a steady renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 13155 now. You don’t know where it ranks.
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Community Ratings
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