Real Estate Investing in Vernon Center, New York (13477)
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Should you buy in 13477 (Vernon Center, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.4% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Vernon Center, NY (13477)?
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Market Analysis: 13477 Vernon Center
ZIP 13477 inside Oneida County looks affordable on the surface — median value of $267K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 13477 is notable only for operators who understand what they are buying. A $267K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Vernon Center have seen price recovery that 13477 has not matched. Oneida County data supports the view that the spread is structural rather than temporary.
In practical terms, 1,468 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.
The 13477 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Vernon Center:
Market Trends
Home Value History (with trend line)
📊 How Does 13477 Compare?
| Metric | 13477 | Vernon Center | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $266,525 | $266,525 | N/A | $505,608 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13477 (Vernon Center, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $266,525 |
| Monthly Rent | $945 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.8%). 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 13477
Population: 1,468
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
Does Vernon Center, NY favor landlords or tenants?
For rental operators, Vernon Center, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Is Vernon Center, NY a smart market for rental property?
Yes - Vernon Center, NY a 3.0/5 investability score. With $267K home prices against $945/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the renter demographic in Vernon Center, NY?
Tenant demand in Vernon Center, NY is solid. The local workforce $945/mo rents across most rental classes.
Is Vernon Center, NY suited for a house hack?
House hacking in Vernon Center, NY is reasonable to execute. Prices around $267K and rents of $945/mo solid owner-occupant economics.
What is the typical home price in Vernon Center, NY?
Median home price in Vernon Center, NY is near $267K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 13477 now. You don’t know where it ranks.
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