Real Estate Investing in Hartwick, New York (13348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13348 (Hartwick, 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: 21.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 10.6% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hartwick, NY (13348)?
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Market Analysis: 13348 Hartwick
Not every below-median market is a bargain. Hartwick's 13348 ZIP registers signals that favor experienced operators who can absorb the risk $249K pricing implies.
The investment case in 13348 is significant only for operators who understand what they are buying. A $249K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 13348's metrics run below Otsego County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 13348 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
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 Hartwick:
Property Strategy for 13348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $222,075 | $1,370 | 4.4% | +5.8% | $74,025 |
| 4BR | $270,228 | $1,510 | 4.0% | +6.7% | $67,557 |
Market Trends
Home Value History (with trend line)
📊 How Does 13348 Compare?
| Metric | 13348 | Hartwick | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $249,301 | $249,301 | N/A | $505,608 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.6% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13348 (Hartwick, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,301 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.2%). 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 13348
Population: 1,529
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
What is the typical renter like in Hartwick, NY?
Tenant demand in Hartwick, NY is solid. The local workforce $1,026/mo rents across most rental classes.
How strong is Hartwick, NY for real estate investors?
Investors tracking Hartwick, NY will find a 3.0/5 rating supported by $249K median home values and $1,026/mo rents. That profile suits long-term holders targeting even-keeled returns.
What are vacancy rates like in Hartwick, NY?
Vacancy risk in Hartwick, NY is elevated. That supports even-keeled cash flow for typical rental holds.
How strict are landlord regulations in Hartwick, NY?
Hartwick, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What are home prices like in Hartwick, NY?
In Hartwick, NY the median home value sits at $249K. Against the broader NY market, that reads as reasonable for most investors.
You know 13348 now. You don’t know where it ranks.
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How 13348 ranks in Oneonta, NY
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