Real Estate Investing in New York Mills, New York (13417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13417 (New York Mills, 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: 11.3% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York Mills, NY (13417)?
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Market Analysis: 13417 New York Mills
Investors eyeing 13417 need to respect the fundamentals at play. Home values of $235K come alongside slower price movement and elevated management overhead.
The investment case in 13417 is impressive only for operators who understand what they are buying. A $235K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 13417's metrics run below Oneida County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 13417 includes headwinds that any investor should price in. Income distribution skews lower than New York Mills averages, and tenant stability requires active management.
Strategy in 13417 is an operator game, not a passive one. Looking more closely, entry prices of $235K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New York Mills:
Property Strategy for 13417
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,486 | $1,090 | 4.0% | +9.9% | $97,743 |
| 3BR | $224,306 | $1,310 | 4.2% | +8.8% | $74,769 |
| 4BR | $256,821 | $1,510 | 4.2% | +8.2% | $64,205 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13417 Compare?
| Metric | 13417 | New York Mills | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $234,791 | $234,791 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $1,400 | $1,400 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 13417 (New York Mills, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,791 |
| Monthly Rent | $1,400 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (4.7%). 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 13417
Population: 3,012
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 13417
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
HARTS HILL SCHOOL
WESTMORELAND ROAD ELEMENTARY SCHOOL
WHITESBORO MIDDLE SCHOOL
PARKWAY MIDDLE 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 1,628 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in New York Mills, NY?
Expect elevated vacancy in New York Mills, NY. Rents at $1,400/mo are absorbed by the tenant base without meaningful lag.
Where do rents currently stand in New York Mills, NY?
Expect rents around $1,400/mo per month in New York Mills, NY. With home values at $235K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in New York Mills, NY?
Tenant demand in New York Mills, NY is solid. The local workforce $1,400/mo rents across most rental classes.
Can I live-in-and-rent in New York Mills, NY?
New York Mills, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $235K price point reasonable to enter.
How strong is New York Mills, NY for real estate investors?
Investors tracking New York Mills, NY will find a 3.0/5 rating supported by $235K median home values and $1,400/mo rents. That profile suits long-term holders targeting steady returns.
You know 13417 now. You don’t know where it ranks.
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How 13417 ranks in Utica-Rome, NY
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