Real Estate Investing in Forestport, New York (13338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13338 (Forestport, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 60.7% 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 Forestport, NY (13338)?
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Market Analysis: 13338 Forestport
Investors eyeing 13338 need to respect the fundamentals at play. Home values of $227K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $227K asset, 13338 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 13338 and stronger Forestport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 1,293 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.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Forestport:
Property Strategy for 13338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,509 | $1,450 | 5.3% | +7.8% | $97,754 |
| 3BR | $253,767 | $1,740 | 4.9% | +7.5% | $84,589 |
| 4BR | $329,134 | $2,010 | 4.4% | +8.7% | $82,284 |
Market Trends
Home Value History (with trend line)
📊 How Does 13338 Compare?
| Metric | 13338 | Forestport | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $226,827 | $226,827 | N/A | $505,608 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.6% |
| Avg Rent | $1,305 | $1,305 | 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 13338 (Forestport, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,827 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 13338
Population: 1,293
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
Where do home prices stand in Forestport, NY?
The median home value in Forestport, NY is roughly $227K. That puts it reasonable relative to the NY statewide average.
What is the renter demographic in Forestport, NY?
Working renters make up the core of the Forestport, NY tenant base. The pool is reasonable for investors targeting long-term holds.
Should investors consider Forestport, NY?
Forestport, NY scores 3.0/5 for investability. Home values sit at $227K and rents near $1,305/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Forestport, NY good for house hacking?
For house hackers, Forestport, NY is a challenging. The $1,305/mo rent on a unit helps defray the mortgage on a $227K property.
How much rent can I charge in Forestport, NY?
Rent in Forestport, NY is around $1,305/mo. The resulting rent-to-value relationship with $227K pricing is reasonable for most investor models.
You know 13338 now. You don’t know where it ranks.
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How 13338 ranks in Utica-Rome, NY
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