Real Estate Investing in Remsen, New York (13438)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13438 (Remsen, 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: 31.4% of homes vacant — above national norms.
- 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 Remsen, NY (13438)?
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Market Analysis: 13438 Remsen
Investors eyeing 13438 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 13438 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NY picture, 13438 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 13438 ZIP's population of 3,310 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 13438 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Remsen:
Property Strategy for 13438
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,624 | $1,080 | 4.0% | +7.6% | $96,812 |
| 3BR | $250,503 | $1,290 | 3.7% | +8.1% | $83,501 |
| 4BR | $293,077 | $1,500 | 3.7% | +8.7% | $73,269 |
Market Trends
Home Value History (with trend line)
📊 How Does 13438 Compare?
| Metric | 13438 | Remsen | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $246,491 | $275,479 | N/A | $505,608 |
| 5-Year CAGR | 6.4% | 6.2% | N/A | 6.6% |
| Avg Rent | $972 | $968 | N/A | - |
| Cap Rate | 3.1% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13438 (Remsen, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,491 |
| Monthly Rent | $972 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (3.1%). 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 13438
Population: 3,310
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 13438
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.
Frequently Asked Questions
How should investors approach Remsen, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Remsen, NY. With home values at $246K and rents near $972/mo, other strategies can work but produce consistent rather than outsized returns.
Is it easy to find good tenants in Remsen, NY?
Remsen, NY offers a steady renter base at the $972/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much should I expect to pay for a home in Remsen, NY?
Remsen, NY home values average about $246K. That price point suits investors targeting rentals with $972/mo in monthly income.
Can I live-in-and-rent in Remsen, NY?
Remsen, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $246K price point reasonable to enter.
Is Remsen, NY a smart market for rental property?
Remsen, NY posts an investability rating of 3.0/5, with median home values near $246K and average rents around $972/mo. That combination puts it in the healthy tier for investor interest.
You know 13438 now. You don’t know where it ranks.
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How 13438 ranks in Utica-Rome, NY
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