Real Estate Investing in Eagle Bay, New York (13331)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13331 (Eagle Bay, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 95.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.5 — hard to cash-flow at these prices.
• 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 Eagle Bay, NY (13331)?
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Market Analysis: 13331 Eagle Bay
Investors eyeing 13331 need to respect the fundamentals at play. Home values of $434K come alongside slower price movement and elevated management overhead.
The investment case in 13331 is solid only for operators who understand what they are buying. A $434K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On the rental side, 13331 offers a low basis, the region around Eagle Bay has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 0% in 13331 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 13331 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Eagle Bay:
Property Strategy for 13331
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,524 | $1,200 | 3.2% | +10.0% | $134,262 |
| 3BR | $489,324 | $1,450 | 2.1% | +8.2% | $163,108 |
Market Trends
Home Value History (with trend line)
📊 How Does 13331 Compare?
| Metric | 13331 | Eagle Bay | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $434,141 | $434,141 | N/A | $505,608 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.6% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13331 (Eagle Bay, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $434,141 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 33.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (1.9%). 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 13331
Population: 175
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
Which real estate strategy fits Eagle Bay, NY?
For Eagle Bay, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How expensive is real estate in Eagle Bay, NY?
Homes in Eagle Bay, NY typically sell near $434K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Should investors consider Eagle Bay, NY?
Eagle Bay, NY records an investability rating of 3.0/5, with median home values near $434K and average rents around $1,080/mo. That combination puts it in the substantial tier for investor interest.
Are eviction rules reasonable in Eagle Bay, NY?
Eagle Bay, NY operates under NY law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is vacancy a concern in Eagle Bay, NY?
Occupancy in Eagle Bay, NY runs stable with elevated vacancy. Well-priced units at $1,080/mo lease on reasonable timelines.
You know 13331 now. You don’t know where it ranks.
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How 13331 ranks in Utica-Rome, NY
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