Real Estate Investing in Oneida, New York (13421)
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Should you buy in 13421 (Oneida, 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 Oneida, NY (13421)?
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Market Analysis: 13421 Oneida
Not every below-median market is a bargain. Oneida's 13421 ZIP sits at signals that favor experienced operators who can absorb the risk $221K pricing implies.
Looking more closely, the numbers look inviting — $221K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13421 is substantial and deserves full respect.
Nearby ZIPs in Oneida have seen price recovery that 13421 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
The 13421 ZIP's population of 12,742 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategy in 13421 is an operator game, not a passive one. Put differently, entry prices of $221K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oneida:
Property Strategy for 13421
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,104 | $1,190 | 5.3% | +8.9% | $81,552 |
| 3BR | $207,034 | $1,460 | 5.1% | +8.7% | $69,011 |
| 4BR | $252,787 | $1,640 | 4.7% | +9.0% | $63,197 |
| 5BR | $300,785 | — | — | +9.1% | $60,157 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13421 Compare?
| Metric | 13421 | Oneida | Syracuse, NY | New York |
|---|---|---|---|---|
| Home Value | $220,842 | $220,842 | N/A | $505,608 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.6% |
| Avg Rent | $1,450 | $1,450 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13421 (Oneida, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $220,842 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.1%). 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 13421
Population: 12,742
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 13421
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
E A MCALLISTER 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
Frequently Asked Questions
What are home prices like in Oneida, NY?
Median home price in Oneida, NY is near $221K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What strategy should investors use in Oneida, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Oneida, NY. With home values at $221K and rents near $1,450/mo, other strategies can work but produce reliable rather than outsized returns.
Is the tenant base reliable in Oneida, NY?
The renter base in Oneida, NY is reasonable for the $1,450/mo price point. Screening well and pricing to market typically yields stable tenants.
How viable is house hacking in Oneida, NY?
House hacking in Oneida, NY is a challenging. With home values around $221K and rents at $1,450/mo, owner-occupants can offset a meaningful share of PITI.
How strict are landlord regulations in Oneida, NY?
Rental owners in Oneida, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 13421 now. You don’t know where it ranks.
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How 13421 ranks in Syracuse, NY
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