Real Estate Investing in New Hartford, New York (13413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13413 (New Hartford, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New Hartford, NY (13413)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13413 New Hartford
Investors eyeing 13413 need to respect the fundamentals at play. Home values of $317K come alongside slower price movement and elevated management overhead.
The 13413 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 13413 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 25% in 13413 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at New Hartford's stable or hybrid ZIPs before stepping into 13413. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Hartford:
Property Strategy for 13413
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $207,978 | $1,440 | 5.0% | +9.3% | $103,989 |
| 3BR | $265,137 | $1,730 | 4.7% | +9.0% | $88,379 |
| 4BR | $391,234 | $1,990 | 3.7% | +8.9% | $97,809 |
| 5BR | $493,997 | — | — | +8.9% | $98,799 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13413 Compare?
| Metric | 13413 | New Hartford | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $316,568 | $316,568 | N/A | $505,608 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.6% |
| Avg Rent | $2,158 | $2,158 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13413 (New Hartford, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $316,568 |
| Monthly Rent | $2,158 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (5.3%). 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 13413
Population: 16,940
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 13413
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HUGH R JONES ELEMENTARY SCHOOL
JOHN F HUGHES ELEMENTARY SCHOOL
ROSCOE CONKLING ELEMENTARY SCHOOL
MARTIN LUTHER KING JR ELEMENTARY SCHOOL
ALBANY ELEMENTARY SCHOOL
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
Investor Insight: With 1,859 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in New Hartford, NY?
New Hartford, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $2,158/mo.
How landlord-friendly is New Hartford, NY?
Landlord-friendliness in New Hartford, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is it easy to find good tenants in New Hartford, NY?
The renter base in New Hartford, NY is reasonable for the $2,158/mo price point. Screening well and pricing to market typically yields measured tenants.
Are rents high in New Hartford, NY?
Rents in New Hartford, NY run near $2,158/mo. Compared with median home prices of $317K that produces solid gross yields for typical rentals.
Is New Hartford, NY suited for a house hack?
For house hackers, New Hartford, NY is a challenging. The $2,158/mo rent on a unit helps defray the mortgage on a $317K property.
You know 13413 now. You don’t know where it ranks.
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How 13413 ranks in Utica-Rome, NY
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