Real Estate Investing in Norwood, New York (13668)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13668 (Norwood, 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: 12.6% 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 Norwood, NY (13668)?
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Market Analysis: 13668 Norwood
The 13668 ZIP covers a section of Norwood that demands careful diligence. Prices near $150K look accessible, but the work to make a deal cash flow is real.
In practical terms, the numbers look inviting — $150K purchase price, 0.0% nominal cap — the work to hit that pro forma in 13668 is substantial and deserves full respect.
The gap between 13668 and stronger Norwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 13668 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Norwood's stable or hybrid ZIPs before stepping into 13668. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Norwood:
Property Strategy for 13668
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,042 | $1,160 | 7.2% | +7.8% | $58,021 |
| 3BR | $144,636 | $1,390 | 6.9% | +8.2% | $48,212 |
| 4BR | $153,602 | $1,540 | 7.2% | +7.0% | $38,401 |
Market Trends
Home Value History (with trend line)
📊 How Does 13668 Compare?
| Metric | 13668 | Norwood | Ogdensburg-Massena, NY | New York |
|---|---|---|---|---|
| Home Value | $150,388 | $150,388 | N/A | $505,608 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
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 13668 (Norwood, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,388 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (5.4%). 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 13668
Population: 3,313
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 13668
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
What type of investing works in Norwood, NY?
Most investors in Norwood, 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.
How much should I expect to pay for a home in Norwood, NY?
Norwood, NY median home values land near $150K. That is reasonable territory for investors looking at $1,044/mo-per-month rentals.
What are vacancy rates like in Norwood, NY?
Norwood, NY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,044/mo.
Can I live-in-and-rent in Norwood, NY?
Norwood, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,044/mo rent level.
Is Norwood, NY a good market for buy-and-hold investors?
Norwood, NY scores 3.0/5 for investability. Home values sit at $150K and rents near $1,044/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 13668 now. You don’t know where it ranks.
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How 13668 ranks in Ogdensburg-Massena, NY
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