Real Estate Investing in Springfield Center, New York (13468)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13468 (Springfield Center, 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: 26.8% 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 Springfield Center, NY (13468)?
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Market Analysis: 13468 Springfield Center
This part of Otsego County is not an easy win. The 13468 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 13468 is healthy only for operators who understand what they are buying. A $232K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Put differently, 13468 offers a low basis, the region around Springfield Center has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 13468 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Springfield Center:
Market Trends
Home Value History (with trend line)
📊 How Does 13468 Compare?
| Metric | 13468 | Springfield Center | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $231,986 | $231,986 | N/A | $505,608 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.6% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13468 (Springfield Center, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $231,986 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +14.0% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.8%). 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 13468
Population: 305
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How expensive is real estate in Springfield Center, NY?
Expect median prices around $232K in Springfield Center, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How much rent can I charge in Springfield Center, NY?
The typical rental in Springfield Center, NY commands about $1,125/mo monthly. That rent profile steady cash flow against the $232K purchase basis.
Should investors worry about vacancy in Springfield Center, NY?
Expect elevated vacancy in Springfield Center, NY. Rents at $1,125/mo are absorbed by the tenant base without meaningful lag.
What real estate strategy is ideal for Springfield Center, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Springfield Center, NY. With home values at $232K and rents near $1,125/mo, other strategies can work but produce consistent rather than outsized returns.
What is the typical renter like in Springfield Center, NY?
The tenant pool in Springfield Center, NY is solid, supported by local employment and population fundamentals. Rents of $1,125/mo are well-absorbed by the market.
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