Real Estate Investing in Sharon Springs, New York (13459)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13459 (Sharon Springs, 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: 18.9% 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 Sharon Springs, NY (13459)?
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Market Analysis: 13459 Sharon Springs
This part of Schoharie County is not an easy win. The 13459 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,296/mo on a $235K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 13459 sits below the stated 0.0% once reality is priced in.
Within NY, ZIP 13459 trails on several market indicators that neighboring Schoharie County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 13459 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 13459, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Sharon Springs:
Property Strategy for 13459
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,475 | $1,440 | 5.8% | +8.3% | $88,738 |
| 3BR | $219,049 | $1,730 | 5.7% | +8.2% | $73,016 |
| 4BR | $259,317 | $1,910 | 5.3% | +8.8% | $64,829 |
Market Trends
Home Value History (with trend line)
📊 How Does 13459 Compare?
| Metric | 13459 | Sharon Springs | Albany-Schenectady-Troy, NY | New York |
|---|---|---|---|---|
| Home Value | $235,413 | $235,413 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $1,296 | $1,296 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 13459 (Sharon Springs, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,413 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (4.3%). 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 13459
Population: 2,034
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 13459
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much should I expect to pay for a home in Sharon Springs, NY?
Sharon Springs, NY median home values land near $235K. That is reasonable territory for investors looking at $1,296/mo-per-month rentals.
How landlord-friendly is Sharon Springs, NY?
NY law tenant-protective for landlords, and Sharon Springs inherits those rules. Investors should still review local ordinances for rental licensing.
Is Sharon Springs, NY good for house hacking?
Sharon Springs, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,296/mo rent level.
How much is rent in Sharon Springs, NY?
Average rent in Sharon Springs, NY is approximately $1,296/mo per month. Against $235K home values that yields a reasonable rent-to-price ratio.
What kind of market is Sharon Springs, NY for investors?
Sharon Springs, NY rates 3.0/5 for investability. With median values at $235K and rents near $1,296/mo, the market offers reasonable fundamentals for rental investors.
You know 13459 now. You don’t know where it ranks.
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How 13459 ranks in Albany-Schenectady-Troy, NY
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