Real Estate Investing in Cold Brook, New York (13324)
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Should you buy in 13324 (Cold Brook, 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: 47.4% 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 Cold Brook, NY (13324)?
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Market Analysis: 13324 Cold Brook
The 13324 ZIP in Cold Brook, NY is a local-operator market. Outside capital chasing a $183K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $183K asset, 13324 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NY picture, 13324 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 13324 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 13324 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cold Brook:
Property Strategy for 13324
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,975 | $1,050 | 5.1% | +6.6% | $74,488 |
| 3BR | $194,264 | $1,260 | 4.7% | +6.5% | $64,755 |
| 4BR | $221,578 | $1,490 | 4.8% | +8.0% | $55,395 |
Market Trends
Home Value History (with trend line)
📊 How Does 13324 Compare?
| Metric | 13324 | Cold Brook | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $182,597 | $182,597 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13324 (Cold Brook, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,597 |
| Monthly Rent | $945 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (4.0%). 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 13324
Population: 1,714
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
How strong is Cold Brook, NY for real estate investors?
Investors tracking Cold Brook, NY will find a 3.0/5 rating supported by $183K median home values and $945/mo rents. That profile suits long-term holders targeting predictable returns.
What is the best play in Cold Brook, NY?
The best-fit strategy in Cold Brook, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong are rents in Cold Brook, NY?
Expect rents around $945/mo per month in Cold Brook, NY. With home values at $183K, the yield math works out to reasonable levels for rental investors.
Do landlords face vacancy issues in Cold Brook, NY?
Cold Brook, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What price range are homes in Cold Brook, NY?
In Cold Brook, NY the median home value sits at $183K. Against the broader NY market, that reads as reasonable for most investors.
You know 13324 now. You don’t know where it ranks.
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How 13324 ranks in Utica-Rome, NY
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