Real Estate Investing in Westmoreland, New York (13490)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13490 (Westmoreland, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Westmoreland, NY (13490)?
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Market Analysis: 13490 Westmoreland
Looking more closely, ZIP 13490 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $259K median. It rewards specialists, not generalists.
The investment case in 13490 is resilient only for operators who understand what they are buying. A $259K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NY picture, 13490 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 0% in 13490 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 13490 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Westmoreland:
Market Trends
Home Value History (with trend line)
📊 How Does 13490 Compare?
| Metric | 13490 | Westmoreland | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $259,314 | $259,314 | N/A | $505,608 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.6% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 13490 (Westmoreland, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,314 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.3%). 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 13490
Population: 1,346
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 13490
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
Investor Insight: With 1,628 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Westmoreland, NY rate as a rental market?
Westmoreland, NY rates 3.0/5 for investability. With median values at $259K and rents near $1,080/mo, the market offers reasonable fundamentals for rental investors.
Where do rents currently stand in Westmoreland, NY?
The typical rental in Westmoreland, NY commands about $1,080/mo monthly. That rent profile measured cash flow against the $259K purchase basis.
Is Westmoreland, NY better for rentals, flips, or BRRRR?
For Westmoreland, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Do landlords face vacancy issues in Westmoreland, NY?
Expect elevated vacancy in Westmoreland, NY. Rents at $1,080/mo are absorbed by the tenant base without meaningful lag.
How do landlord-tenant laws work in Westmoreland, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Westmoreland generally follows the statewide framework, so landlords face reasonable operating rules.
You know 13490 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13490 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 13490 ranks in Utica-Rome, NY
Every ZIP in this metro, ranked. Free.
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