Real Estate Investing in Morristown, New York (13664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13664 (Morristown, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 37.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 8.9% unemployment — tenant risk signal.
• 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 Morristown, NY (13664)?
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Market Analysis: 13664 Morristown
ZIP 13664 inside Saint Lawrence County looks affordable on the surface — median value of $150K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 13664 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 13664 and stronger Morristown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 401 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 13664 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Morristown:
Market Trends
Home Value History (with trend line)
📊 How Does 13664 Compare?
| Metric | 13664 | Morristown | Ogdensburg-Massena, NY | New York |
|---|---|---|---|---|
| Home Value | $150,299 | $150,299 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,260 | $1,260 | N/A | - |
| Cap Rate | 6.5% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13664 (Morristown, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,299 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.5% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13664
Population: 401
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 13664
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
Is housing expensive in Morristown, NY?
Expect median prices around $150K in Morristown, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What is it like being a landlord in Morristown, NY?
The landlord environment in Morristown, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in Morristown, NY?
Rental rates in Morristown, NY average $1,260/mo. Tenant demand and $150K home values make the yield look reasonable by investor standards.
Is Morristown, NY a good market for FHA house hackers?
House hacking in Morristown, NY is a challenging. With home values around $150K and rents at $1,260/mo, owner-occupants can offset a meaningful share of PITI.
Which investment style suits Morristown, NY?
Most investors in Morristown, 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.
You know 13664 now. You don’t know where it ranks.
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How 13664 ranks in Ogdensburg-Massena, NY
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