Real Estate Investing in Redwood, New York (13679)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13679 (Redwood, 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: 67.8% 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 Redwood, NY (13679)?
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Market Analysis: 13679 Redwood
This part of Jefferson County is not an easy win. The 13679 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 13679 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 13679'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.
Meanwhile, 1,169 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 right play in 13679 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Redwood:
Property Strategy for 13679
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,157 | $1,160 | 4.0% | +8.0% | $105,079 |
| 3BR | $242,855 | $1,570 | 4.7% | +6.3% | $80,952 |
| 4BR | $217,389 | $1,920 | 6.4% | +5.6% | $54,347 |
Market Trends
Home Value History (with trend line)
📊 How Does 13679 Compare?
| Metric | 13679 | Redwood | Watertown-Fort Drum, NY | New York |
|---|---|---|---|---|
| Home Value | $226,583 | $226,583 | N/A | $505,608 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 13679 (Redwood, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,583 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.6%). 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 13679
Population: 1,169
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
Are homes affordable in Redwood, NY?
Redwood, NY home values average about $227K. That price point suits investors targeting rentals with $1,044/mo in monthly income.
Are eviction rules reasonable in Redwood, NY?
For rental operators, Redwood, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What monthly rent should investors expect in Redwood, NY?
Average rent in Redwood, NY is approximately $1,044/mo per month. Against $227K home values that yields a reasonable rent-to-price ratio.
Is Redwood, NY a smart market for rental property?
The 3.0/5 investability rating in Redwood, NY reflects its $227K prices and $1,044/mo rents. Investors generally consider it a solid option within NY.
Is the tenant base reliable in Redwood, NY?
Tenant demand in Redwood, NY is solid. The local workforce $1,044/mo rents across most rental classes.
You know 13679 now. You don’t know where it ranks.
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How 13679 ranks in Watertown-Fort Drum, NY
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