Real Estate Investing in Madrid, New York (13660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13660 (Madrid, 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: 14.8% 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 Madrid, NY (13660)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13660 Madrid
The 13660 ZIP in Madrid, NY is a local-operator market. Outside capital chasing a $160K entry has to pair deep knowledge with the discount.
For an experienced owner, 13660 can be a a strong candidate for hunting ground — but the discount at $160K reflects genuine risk that outside investors often underestimate.
Within NY, ZIP 13660 trails on several market indicators that neighboring Saint Lawrence County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 13660 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 13660 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 Madrid:
Property Strategy for 13660
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,087 | $1,040 | 5.9% | +5.5% | $63,543 |
| 3BR | $153,476 | $1,250 | 5.9% | +6.6% | $51,159 |
| 4BR | $171,860 | $1,380 | 5.8% | +7.0% | $42,965 |
Market Trends
Home Value History (with trend line)
📊 How Does 13660 Compare?
| Metric | 13660 | Madrid | Ogdensburg-Massena, NY | New York |
|---|---|---|---|---|
| Home Value | $159,980 | $159,980 | N/A | $505,608 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.6% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 13660 (Madrid, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,980 |
| Monthly Rent | $936 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.6%). 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 13660
Population: 1,953
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 13660
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
Is vacancy a concern in Madrid, NY?
Madrid, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are eviction rules reasonable in Madrid, NY?
Madrid, NY operates under NY law, which is tenant-protective overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What type of investing works in Madrid, NY?
Most investors in Madrid, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can owner-occupants cash flow in Madrid, NY?
The house hack math a challenging in Madrid, NY. Owner-occupant buyers benefit from the $936/mo rents and $160K home values.
Is Madrid in NY worth investing in?
Madrid, NY rates 3.0/5 for investability. With median values at $160K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
You know 13660 now. You don’t know where it ranks.
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How 13660 ranks in Ogdensburg-Massena, NY
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