Real Estate Investing in Clayton, New York (13624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13624 (Clayton, 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: 45.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Clayton, NY (13624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13624 Clayton
ZIP 13624 in Clayton, NY carries a significant set of headwinds. Home values near $330K and rents of $1,450/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $330K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13624 is substantial and deserves full respect.
On balance, 13624 offers a low basis, the region around Clayton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 13624 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 13624 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Clayton:
Property Strategy for 13624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $282,564 | $1,170 | 3.0% | +10.0% | $141,282 |
| 3BR | $300,041 | $1,590 | 3.8% | +8.2% | $100,014 |
| 4BR | $361,212 | $1,950 | 3.9% | +8.9% | $90,303 |
| 5BR | $606,401 | — | — | +9.5% | $121,280 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 13624 Compare?
| Metric | 13624 | Clayton | Watertown-Fort Drum, NY | New York |
|---|---|---|---|---|
| Home Value | $329,665 | $329,665 | N/A | $505,608 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.6% |
| Avg Rent | $1,450 | $1,450 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 13624 (Clayton, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 13624 (Clayton, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $329,665 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.4%). 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 13624
Population: 4,438
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 13624
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
Are eviction rules reasonable in Clayton, NY?
Rental owners in Clayton, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is the tenant base reliable in Clayton, NY?
Clayton, NY offers a reliable renter base at the $1,450/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Clayton, NY a smart market for rental property?
Yes - Clayton, NY a 3.0/5 investability score. With $330K home prices against $1,450/mo monthly rent, the market delivers a reasonable entry point for new investors.
How viable is house hacking in Clayton, NY?
Clayton, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $330K price point reasonable to enter.
How much does a house cost in Clayton, NY?
The median home value in Clayton, NY is roughly $330K. That puts it reasonable relative to the NY statewide average.
You know 13624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13624 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 13624 ranks in Watertown-Fort Drum, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 13624 (Clayton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 13624 (Clayton, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.