Real Estate Investing in Burlington Flats, New York (13315)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13315 (Burlington Flats, 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: 25.1% 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 Burlington Flats, NY (13315)?
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Market Analysis: 13315 Burlington Flats
The 13315 ZIP covers a section of Burlington Flats that demands careful diligence. Prices near $205K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 13315 can be a an appealing option for hunting ground — but the discount at $205K reflects genuine risk that outside investors often underestimate.
Within NY, ZIP 13315 trails on several market indicators that neighboring Otsego County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 13315 ZIP's population of 1,239 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
New investors are better served looking at Burlington Flats's stable or hybrid ZIPs before stepping into 13315. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Burlington Flats:
Market Trends
Home Value History (with trend line)
📊 How Does 13315 Compare?
| Metric | 13315 | Burlington Flats | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $205,350 | $205,350 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,071 | $1,071 | 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 13315 (Burlington Flats, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,350 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 13315
Population: 1,239
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 Burlington Flats, NY a smart market for rental property?
Burlington Flats, NY registers an investability rating of 3.0/5, with median home values near $205K and average rents around $1,071/mo. That combination puts it in the notable tier for investor interest.
How much do tenants pay in Burlington Flats, NY?
The typical rental in Burlington Flats, NY commands about $1,071/mo monthly. That rent profile steady cash flow against the $205K purchase basis.
How do experienced investors play Burlington Flats, NY?
For Burlington Flats, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Burlington Flats, NY a good market for FHA house hackers?
The house hack math a challenging in Burlington Flats, NY. Owner-occupant buyers benefit from the $1,071/mo rents and $205K home values.
Do rentals sit vacant long in Burlington Flats, NY?
Burlington Flats, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 13315 now. You don’t know where it ranks.
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How 13315 ranks in Oneonta, NY
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