Real Estate Investing in Lorraine, New York (13659)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13659 (Lorraine, 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.
- High vacancy: 57.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lorraine, NY (13659)?
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Market Analysis: 13659 Lorraine
The 13659 ZIP in Lorraine, NY is a local-operator market. Outside capital chasing a $169K entry has to pair deep knowledge with the discount.
The 13659 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 13659's metrics run below Jefferson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 13659 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 13659 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 Lorraine:
Market Trends
Home Value History (with trend line)
📊 How Does 13659 Compare?
| Metric | 13659 | Lorraine | Watertown-Fort Drum, NY | New York |
|---|---|---|---|---|
| Home Value | $169,357 | $169,357 | N/A | $505,608 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13659 (Lorraine, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,357 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.9%). 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 13659
Population: 371
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
Frequently Asked Questions
What is the investability score for Lorraine, NY?
With a 3.0/5 investability score, Lorraine, NY ranks as a solid market for rental property investors. Median prices of $169K and rents of $1,053/mo drive the underlying numbers.
How much is rent in Lorraine, NY?
Average rent in Lorraine, NY is approximately $1,053/mo per month. Against $169K home values that yields a reasonable rent-to-price ratio.
What investment strategy works best in Lorraine, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Lorraine, NY. With home values at $169K and rents near $1,053/mo, other strategies can work but produce consistent rather than outsized returns.
Is the tenant base reliable in Lorraine, NY?
Tenant quality in Lorraine, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $1,053/mo.
How much does a house cost in Lorraine, NY?
Median home price in Lorraine, NY is near $169K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 13659 now. You don’t know where it ranks.
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How 13659 ranks in Watertown-Fort Drum, NY
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