Real Estate Investing in Alexandria Bay, New York (13607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13607 (Alexandria Bay, 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: 53.5% of homes vacant — above national norms.
- 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 Alexandria Bay, NY (13607)?
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Market Analysis: 13607 Alexandria Bay
Not every below-median market is a bargain. Alexandria Bay's 13607 ZIP reflects signals that favor experienced operators who can absorb the risk $284K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 13607 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 13607 sits on the difficult end of the NY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 2,061 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 right play in 13607 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Alexandria Bay:
Property Strategy for 13607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,244 | $1,160 | 4.0% | +9.6% | $104,622 |
| 3BR | $233,858 | $1,570 | 4.8% | +8.6% | $77,953 |
| 4BR | $276,852 | $1,920 | 5.0% | +8.9% | $69,213 |
Market Trends
Home Value History (with trend line)
📊 How Does 13607 Compare?
| Metric | 13607 | Alexandria Bay | Watertown-Fort Drum, NY | New York |
|---|---|---|---|---|
| Home Value | $283,844 | $283,844 | N/A | $505,608 |
| 5-Year CAGR | 9.3% | 9.3% | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13607 (Alexandria Bay, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,844 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +19.8% ▲ |
| 3-Year CAGR | +10.3% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 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 (2.9%). 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 13607
Population: 2,061
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 13607
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.
Frequently Asked Questions
Do landlords face vacancy issues in Alexandria Bay, NY?
Alexandria Bay, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are home prices like in Alexandria Bay, NY?
In Alexandria Bay, NY the median home value sits at $284K. Against the broader NY market, that reads as reasonable for most investors.
What do rentals go for in Alexandria Bay, NY?
Rents in Alexandria Bay, NY run near $1,044/mo. Compared with median home prices of $284K that produces solid gross yields for typical rentals.
How landlord-friendly is Alexandria Bay, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Alexandria Bay generally follows the statewide framework, so landlords face reasonable operating rules.
Which real estate strategy fits Alexandria Bay, NY?
Alexandria Bay, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($284K prices, $1,044/mo rents) make it a reasonable choice.
You know 13607 now. You don’t know where it ranks.
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How 13607 ranks in Watertown-Fort Drum, NY
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