Real Estate Investing in Verona, New York (13478)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13478 (Verona, 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: 13.6% of homes vacant — above national norms.
- 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 Verona, NY (13478)?
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Market Analysis: 13478 Verona
Not every below-median market is a bargain. Verona's 13478 ZIP comes in at signals that favor experienced operators who can absorb the risk $243K pricing implies.
Put differently, the numbers look inviting — $243K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13478 is substantial and deserves full respect.
Turning to rents, 13478 offers a low basis, the region around Verona has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 13478 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends 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 Verona:
Property Strategy for 13478
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $188,484 | $1,120 | 4.3% | +9.0% | $94,242 |
| 3BR | $227,872 | $1,340 | 4.2% | +8.5% | $75,957 |
| 4BR | $265,676 | $1,550 | 4.2% | +8.9% | $66,419 |
Market Trends
Home Value History (with trend line)
📊 How Does 13478 Compare?
| Metric | 13478 | Verona | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $243,432 | $243,432 | N/A | $505,608 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.6% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13478 (Verona, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,432 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (3.2%). 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 13478
Population: 3,331
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 13478
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 rent can I charge in Verona, NY?
Rental rates in Verona, NY average $1,008/mo. Tenant demand and $243K home values make the yield look reasonable by investor standards.
What is the best play in Verona, NY?
The best-fit strategy in Verona, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is real estate in Verona, NY a good investment right now?
Investors tracking Verona, NY will find a 3.0/5 rating supported by $243K median home values and $1,008/mo rents. That profile suits long-term holders targeting consistent returns.
Can owner-occupants cash flow in Verona, NY?
House hacking in Verona, NY is a challenging. With home values around $243K and rents at $1,008/mo, owner-occupants can offset a meaningful share of PITI.
How quickly do rentals get leased in Verona, NY?
Verona, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
You know 13478 now. You don’t know where it ranks.
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How 13478 ranks in Utica-Rome, NY
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