Real Estate Investing in Fly Creek, New York (13337)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13337 (Fly Creek, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 31.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fly Creek, NY (13337)?
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Market Analysis: 13337 Fly Creek
Investors eyeing 13337 need to respect the fundamentals at play. Home values of $331K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 13337 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NY, ZIP 13337 trails on several market indicators that neighboring Otsego County submarkets outperform. The gap is real and robust enough to shape underwriting.
Stepping back, 690 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 13337 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fly Creek:
Property Strategy for 13337
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $298,144 | $1,870 | 4.5% | +5.8% | $99,381 |
| 4BR | $400,502 | $2,070 | 3.7% | +7.5% | $100,125 |
Market Trends
Home Value History (with trend line)
📊 How Does 13337 Compare?
| Metric | 13337 | Fly Creek | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $331,130 | $331,130 | N/A | $505,608 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 6.6% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13337 (Fly Creek, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,130 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.3%). 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 13337
Population: 690
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
Frequently Asked Questions
Which real estate strategy fits Fly Creek, NY?
In Fly Creek, NY the robust play is typically careful cash-flow rentals with hands-on management. The combination of $331K prices and $1,404/mo rents suits that approach.
How deep is the rental pool in Fly Creek, NY?
Tenant quality in Fly Creek, NY ranks as solid. Landlords generally report stable occupancy at market rents of $1,404/mo.
How viable is house hacking in Fly Creek, NY?
House hacking in Fly Creek, NY is reasonable to execute. Prices around $331K and rents of $1,404/mo solid owner-occupant economics.
Is Fly Creek, NY a friendly market for rental owners?
The landlord environment in Fly Creek, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How strong are rents in Fly Creek, NY?
Rents in Fly Creek, NY run near $1,404/mo. Compared with median home prices of $331K that produces solid gross yields for typical rentals.
You know 13337 now. You don’t know where it ranks.
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How 13337 ranks in Oneonta, NY
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