Real Estate Investing in Chenango Forks, New York (13746)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13746 (Chenango Forks, 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: 13.1% 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 Chenango Forks, NY (13746)?
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Market Analysis: 13746 Chenango Forks
Investors eyeing 13746 need to respect the fundamentals at play. Home values of $203K come alongside slower price movement and elevated management overhead.
The 13746 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 13746's metrics run below Broome County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 13746 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 13746 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Chenango Forks:
Property Strategy for 13746
Which property type performs best in this market?
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| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,041 | $1,070 | 5.5% | +7.9% | $69,520 |
| 3BR | $200,471 | $1,390 | 5.0% | +7.4% | $66,824 |
| 4BR | $243,481 | $1,580 | 4.7% | +8.9% | $60,870 |
Market Trends
Home Value History (with trend line)
📊 How Does 13746 Compare?
| Metric | 13746 | Chenango Forks | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $203,214 | $203,214 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 13746 (Chenango Forks, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,214 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.7%). 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 13746
Population: 2,432
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
Investor Insight: With 1,333 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Chenango Forks, NY?
Rents in Chenango Forks, NY run near $963/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
How quickly do rentals get leased in Chenango Forks, NY?
Chenango Forks, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
What strategy should investors use in Chenango Forks, NY?
Most investors in Chenango Forks, 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.
Is it easy to find good tenants in Chenango Forks, NY?
Tenant quality in Chenango Forks, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $963/mo.
What are home prices like in Chenango Forks, NY?
In Chenango Forks, NY the median home value sits at $203K. Against the broader NY market, that reads as reasonable for most investors.
You know 13746 now. You don’t know where it ranks.
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How 13746 ranks in Binghamton, NY
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