Real Estate Investing in Conklin, New York (13748)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13748 (Conklin, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- 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 Conklin, NY (13748)?
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Market Analysis: 13748 Conklin
ZIP 13748 inside Broome County looks affordable on the surface — median value of $198K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 13748 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NY picture, 13748 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 3,722 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 13748 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 Conklin:
Property Strategy for 13748
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $141,544 | $1,070 | 5.4% | +9.5% | $70,772 |
| 3BR | $182,061 | $1,380 | 5.5% | +8.3% | $60,687 |
| 4BR | $216,852 | $1,580 | 5.2% | +8.7% | $54,213 |
Market Trends
Home Value History (with trend line)
📊 How Does 13748 Compare?
| Metric | 13748 | Conklin | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $197,935 | $197,935 | N/A | $505,608 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 13748 (Conklin, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,935 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.8%). 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 13748
Population: 3,722
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 13748
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
FLOYD BELL ELEMENTARY SCHOOL
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
Investor Insight: With 1,333 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Conklin, NY good for landlords?
Conklin, NY operates under NY law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
What type of investing works in Conklin, NY?
Most investors in Conklin, 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 housing expensive in Conklin, NY?
Expect median prices around $198K in Conklin, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is Conklin, NY a good market for FHA house hackers?
House hacking in Conklin, NY is a challenging. With home values around $198K and rents at $963/mo, owner-occupants can offset a meaningful share of PITI.
Is the tenant base reliable in Conklin, NY?
Tenant quality in Conklin, NY ranks as solid. Landlords generally report even-keeled occupancy at market rents of $963/mo.
You know 13748 now. You don’t know where it ranks.
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How 13748 ranks in Binghamton, NY
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