Real Estate Investing in Three Mile Bay, New York (13693)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13693 (Three Mile Bay, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 86.2% 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 Three Mile Bay, NY (13693)?
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Market Analysis: 13693 Three Mile Bay
This part of Jefferson County is not an easy win. The 13693 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 13693 can be a worth a close look for hunting ground — but the discount at $275K reflects genuine risk that outside investors often underestimate.
From an investor standpoint, 13693 offers a low basis, the region around Three Mile Bay has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 13693 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 13693 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 Three Mile Bay:
Property Strategy for 13693
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,425 | $1,180 | 3.7% | +10.7% | $114,712 |
| 3BR | $276,033 | $1,600 | 4.2% | +8.7% | $92,011 |
Market Trends
Home Value History (with trend line)
📊 How Does 13693 Compare?
| Metric | 13693 | Three Mile Bay | Watertown-Fort Drum, NY | New York |
|---|---|---|---|---|
| Home Value | $274,725 | $274,725 | N/A | $505,608 |
| 5-Year CAGR | 9.9% | 9.9% | N/A | 6.6% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13693 (Three Mile Bay, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $274,725 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +18.4% ▲ |
| 3-Year CAGR | +10.0% ▲ |
| 5-Year CAGR | +9.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 13693
Population: 315
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is NY a landlord-friendly state?
Three Mile Bay, NY operates under NY law, which is tenant-protective overall for landlords. Expect stable treatment in typical lease and eviction cases.
How does Three Mile Bay, NY stack up for property investment?
Our data puts Three Mile Bay, NY at 3.0/5 for investability. Home prices of $275K and rents around $1,062/mo create a solid backdrop for investor activity.
How expensive is real estate in Three Mile Bay, NY?
Three Mile Bay, NY median home values land near $275K. That is reasonable territory for investors looking at $1,062/mo-per-month rentals.
Is Three Mile Bay, NY suited for a house hack?
The house hack math a challenging in Three Mile Bay, NY. Owner-occupant buyers benefit from the $1,062/mo rents and $275K home values.
How strong is the working-renter base in Three Mile Bay, NY?
The tenant pool in Three Mile Bay, NY is solid, supported by local employment and population fundamentals. Rents of $1,062/mo are well-absorbed by the market.
You know 13693 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13693 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 13693 ranks in Watertown-Fort Drum, NY
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Community Ratings
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