Real Estate Investing in Rome, New York (13440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13440 (Rome, 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: 9.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Rome, NY (13440)?
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Market Analysis: 13440 Rome
The 13440 ZIP in Rome, NY is a local-operator market. Outside capital chasing a $215K entry has to pair deep knowledge with the discount.
The investment case in 13440 is healthy only for operators who understand what they are buying. A $215K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Rome have seen price recovery that 13440 has not matched. Oneida County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 36% in 13440 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 Rome's stable or hybrid ZIPs before stepping into 13440. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Rome:
Property Strategy for 13440
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $117,388 | $940 | 5.8% | +7.5% | $117,388 |
| 2BR | $160,474 | $1,190 | 5.3% | +11.1% | $80,237 |
| 3BR | $202,480 | $1,430 | 5.1% | +9.8% | $67,493 |
| 4BR | $240,205 | $1,650 | 4.9% | +10.2% | $60,051 |
| 5BR | $247,543 | — | — | +9.6% | $49,509 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13440 Compare?
| Metric | 13440 | Rome | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $214,647 | $107,324 | N/A | $505,608 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.6% |
| Avg Rent | $1,500 | $1,500 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13440 (Rome, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $214,647 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | +52.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 13440
Population: 41,273
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 13440
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
ROME FREE ACADEMY
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
How viable is house hacking in Rome, NY?
House hacking in Rome, NY is a challenging. With home values around $215K and rents at $1,500/mo, owner-occupants can offset a meaningful share of PITI.
What is the investability score for Rome, NY?
Rome, NY records an investability rating of 3.0/5, with median home values near $215K and average rents around $1,500/mo. That combination puts it in the sturdy tier for investor interest.
How deep is the rental pool in Rome, NY?
The tenant pool in Rome, NY is solid, supported by local employment and population fundamentals. Rents of $1,500/mo are well-absorbed by the market.
Are eviction rules reasonable in Rome, NY?
Rome, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What are vacancy rates like in Rome, NY?
Vacancy in Rome, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,500/mo.
You know 13440 now. You don’t know where it ranks.
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How 13440 ranks in Utica-Rome, NY
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