Real Estate Investing in Old Forge, New York (13472)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13472 (Old Forge, 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: 69.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 9.6% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 38.5 — hard to cash-flow at these prices.
• 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 Old Forge, NY (13472)?
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Market Analysis: 13472 Old Forge
The 13472 ZIP in Old Forge, NY is a local-operator market. Outside capital chasing a $445K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $445K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13472 is substantial and deserves full respect.
In practical terms, 13472 offers a low basis, the region around Old Forge has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 13472 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 13472, 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 Old Forge:
Market Trends
Home Value History (with trend line)
📊 How Does 13472 Compare?
| Metric | 13472 | Old Forge | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $445,179 | $487,952 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 1.7% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13472 (Old Forge, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $445,179 |
| Monthly Rent | $963 |
| Price-to-Rent | 38.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 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 (1.7%). 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 13472
Population: 277
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
How expensive is real estate in Old Forge, NY?
Old Forge, NY home values average about $445K. That price point suits investors targeting rentals with $963/mo in monthly income.
Is it easy to find good tenants in Old Forge, NY?
Expect a solid tenant pool in Old Forge, NY. The rental market absorbs $963/mo rents without meaningful friction.
What is the typical rental rate in Old Forge, NY?
Rental rates in Old Forge, NY average $963/mo. Tenant demand and $445K home values make the yield look reasonable by investor standards.
What kind of vacancy should I budget for in Old Forge, NY?
Old Forge, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
What strategy should investors use in Old Forge, NY?
The best-fit strategy in Old Forge, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 13472 now. You don’t know where it ranks.
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How 13472 ranks in Utica-Rome, NY
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