Real Estate Investing in Altmar, New York (13302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13302 (Altmar, 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: 40.5% 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 Altmar, NY (13302)?
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Market Analysis: 13302 Altmar
The 13302 ZIP covers a section of Altmar that demands careful diligence. Prices near $183K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 13302 can be a an appealing option for hunting ground — but the discount at $183K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Altmar have seen price recovery that 13302 has not matched. Oswego County data supports the view that the spread is structural rather than temporary.
Employment concentration in 13302 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 13302 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 Altmar:
Property Strategy for 13302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,546 | $1,400 | 6.2% | +11.0% | $80,773 |
| 3BR | $194,217 | $1,700 | 6.3% | +7.7% | $64,739 |
Market Trends
Home Value History (with trend line)
📊 How Does 13302 Compare?
| Metric | 13302 | Altmar | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $182,842 | $182,842 | N/A | $505,608 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.6% |
| Avg Rent | $1,260 | $1,260 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
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 13302 (Altmar, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,842 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +12.8% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 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 (5.4%). 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 13302
Population: 1,403
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
Frequently Asked Questions
Is housing expensive in Altmar, NY?
Median home price in Altmar, NY is near $183K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strong is Altmar, NY for real estate investors?
The 3.0/5 investability rating in Altmar, NY reflects its $183K prices and $1,260/mo rents. Investors generally consider it a solid option within NY.
Are tenants stable in Altmar, NY?
Tenant quality in Altmar, NY ranks as solid. Landlords generally report predictable occupancy at market rents of $1,260/mo.
How quickly do rentals get leased in Altmar, NY?
Expect elevated vacancy in Altmar, NY. Rents at $1,260/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Altmar, NY?
For Altmar, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 13302 now. You don’t know where it ranks.
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How 13302 ranks in Syracuse, NY
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