Real Estate Investing in Madison, New York (13402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13402 (Madison, 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: 24.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Madison, NY (13402)?
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Market Analysis: 13402 Madison
ZIP 13402 inside Madison County looks affordable on the surface — median value of $218K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 13402 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 13402's metrics run below Madison County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 13402 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 13402 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Madison:
Market Trends
Home Value History (with trend line)
📊 How Does 13402 Compare?
| Metric | 13402 | Madison | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $218,425 | $218,425 | N/A | $505,608 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 6.6% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13402 (Madison, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,425 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.1%). 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 13402
Population: 1,295
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 13402
Schools in This ZIP Code
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
Frequently Asked Questions
How strong are rents in Madison, NY?
Expect rents around $1,143/mo per month in Madison, NY. With home values at $218K, the yield math works out to reasonable levels for rental investors.
How deep is the rental pool in Madison, NY?
Madison, NY draws a measured base of working renters. Demand at the $1,143/mo rent level is reasonable for standard single-family and small multi rentals.
What kind of vacancy should I budget for in Madison, NY?
Rental vacancy in Madison, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Madison, NY?
For rental operators, Madison, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Are homes affordable in Madison, NY?
Expect median prices around $218K in Madison, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 13402 now. You don’t know where it ranks.
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How 13402 ranks in Syracuse, NY
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