Real Estate Investing in Franklin, New York (13775)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13775 (Franklin, 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: 26.8% 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 Franklin, NY (13775)?
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Market Analysis: 13775 Franklin
The 13775 ZIP in Franklin, NY is a local-operator market. Outside capital chasing a $264K entry has to pair deep knowledge with the discount.
The 13775 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NY, ZIP 13775 trails on several market indicators that neighboring Delaware County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 13775 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 13775 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 Franklin:
Market Trends
Home Value History (with trend line)
📊 How Does 13775 Compare?
| Metric | 13775 | Franklin | New York |
|---|---|---|---|
| Home Value | $263,942 | $263,942 | $505,608 |
| 5-Year CAGR | 4.5% | 4.5% | 6.6% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13775 (Franklin, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,942 |
| Monthly Rent | $963 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.9%). 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 13775
Population: 1,839
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 13775
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
How does Franklin, NY stack up for property investment?
With a 3.0/5 investability score, Franklin, NY ranks as a solid market for rental property investors. Median prices of $264K and rents of $963/mo drive the underlying numbers.
What is it like being a landlord in Franklin, NY?
The landlord environment in Franklin, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What investment strategy works best in Franklin, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Franklin, NY. With home values at $264K and rents near $963/mo, other strategies can work but produce even-keeled rather than outsized returns.
Do rentals sit vacant long in Franklin, NY?
Franklin, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the tenant pool like in Franklin, NY?
Working renters make up the core of the Franklin, NY tenant base. The pool is reasonable for investors targeting long-term holds.
You know 13775 now. You don’t know where it ranks.
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