Real Estate Investing in Mohawk, New York (13407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13407 (Mohawk, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- 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 Mohawk, NY (13407)?
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Market Analysis: 13407 Mohawk
This part of Herkimer County is not an easy win. The 13407 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 13407 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 13407 and stronger Mohawk ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 5,125 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.
Distressed ZIPs reward experience. sturdy returns are possible in 13407, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mohawk:
Property Strategy for 13407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,705 | $1,050 | 5.1% | +9.7% | $73,852 |
| 3BR | $171,350 | $1,260 | 5.3% | +8.7% | $57,117 |
| 4BR | $181,762 | $1,490 | 5.9% | +7.6% | $45,441 |
Market Trends
Home Value History (with trend line)
📊 How Does 13407 Compare?
| Metric | 13407 | Mohawk | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $178,510 | $178,510 | N/A | $505,608 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.6% |
| Avg Rent | $945 | $945 | 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 13407 (Mohawk, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,510 |
| Monthly Rent | $945 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 13407
Population: 5,125
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 13407
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
What strategy should investors use in Mohawk, NY?
Most investors in Mohawk, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What do rentals go for in Mohawk, NY?
Rents in Mohawk, NY run near $945/mo. Compared with median home prices of $179K that produces solid gross yields for typical rentals.
How much should I expect to pay for a home in Mohawk, NY?
Mohawk, NY median home values land near $179K. That is reasonable territory for investors looking at $945/mo-per-month rentals.
Are tenants stable in Mohawk, NY?
Expect a solid tenant pool in Mohawk, NY. The rental market absorbs $945/mo rents without meaningful friction.
How tight is the rental market in Mohawk, NY?
Mohawk, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
You know 13407 now. You don’t know where it ranks.
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How 13407 ranks in Utica-Rome, NY
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