Real Estate Investing in Hobart, New York (13788)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13788 (Hobart, 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: 39.8% 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 Hobart, NY (13788)?
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Market Analysis: 13788 Hobart
This part of Delaware County is not an easy win. The 13788 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 13788 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 13788 and stronger Hobart ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 13788 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 13788 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 Hobart:
Property Strategy for 13788
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $238,274 | $970 | 2.9% | — | $119,137 |
| 3BR | $242,594 | $1,350 | 4.0% | +11.0% | $80,865 |
Market Trends
Home Value History (with trend line)
📊 How Does 13788 Compare?
| Metric | 13788 | Hobart | New York |
|---|---|---|---|
| Home Value | $242,911 | $242,911 | $505,608 |
| 5-Year CAGR | 5.7% | 5.7% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 13788 (Hobart, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,911 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.8%). 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 13788
Population: 950
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
What is the investability score for Hobart, NY?
Hobart, NY posts an investability rating of 3.0/5, with median home values near $243K and average rents around $873/mo. That combination puts it in the notable tier for investor interest.
How much rent can I charge in Hobart, NY?
Hobart, NY rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $243K acquisition costs.
How much should I expect to pay for a home in Hobart, NY?
Typical homes in Hobart, NY go for around $243K. The 5-year CAGR of 0.0% steady price movement.
Does a duplex house hack pencil in Hobart, NY?
For house hackers, Hobart, NY is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $243K property.
Is vacancy a concern in Hobart, NY?
Expect elevated vacancy in Hobart, NY. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
You know 13788 now. You don’t know where it ranks.
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