Real Estate Investing in Clark Mills, New York (13321)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13321 (Clark Mills, 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.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
- 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 Clark Mills, NY (13321)?
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Market Analysis: 13321 Clark Mills
The 13321 ZIP in Clark Mills, NY is a local-operator market. Outside capital chasing a $207K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 13321 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In practical terms, 13321 offers a low basis, the region around Clark Mills has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From a cash-flow lens, 815 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Clark Mills's stable or hybrid ZIPs before stepping into 13321. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clark Mills:
Market Trends
Home Value History (with trend line)
📊 How Does 13321 Compare?
| Metric | 13321 | Clark Mills | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $207,123 | $207,123 | N/A | $505,608 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.6% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13321 (Clark Mills, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,123 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +12.8% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (4.5%). 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 13321
Population: 815
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 13321
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
HARTS HILL SCHOOL
WESTMORELAND ROAD ELEMENTARY SCHOOL
WHITESBORO MIDDLE SCHOOL
PARKWAY MIDDLE SCHOOL
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 1,628 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Clark Mills, NY?
Clark Mills, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($207K prices, $1,197/mo rents) make it a reasonable choice.
What are home prices like in Clark Mills, NY?
In Clark Mills, NY the median home value sits at $207K. Against the broader NY market, that reads as reasonable for most investors.
Is Clark Mills, NY a good market for buy-and-hold investors?
Clark Mills, NY scores 3.0/5 for investability. Home values sit at $207K and rents near $1,197/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is rental property easy to operate in Clark Mills, NY?
NY law tenant-protective for landlords, and Clark Mills inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Clark Mills, NY?
Rental rates in Clark Mills, NY average $1,197/mo. Tenant demand and $207K home values make the yield look reasonable by investor standards.
You know 13321 now. You don’t know where it ranks.
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How 13321 ranks in Utica-Rome, NY
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