Real Estate Investing in Maine, New York (13802)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13802 (Maine, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 42.2% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Maine, NY (13802)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13802 Maine
This part of Broome County is not an easy win. The 13802 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 13802 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 13802 trails on several market indicators that neighboring Broome County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 13802 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 13802 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 Maine:
Market Trends
Home Value History (with trend line)
📊 How Does 13802 Compare?
| Metric | 13802 | Maine | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $218,026 | $218,026 | N/A | $505,608 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 13802 (Maine, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,026 |
| Monthly Rent | $963 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.5%). 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 13802
Population: 1,206
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 13802
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
Investor Insight: With 1,333 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Maine, NY?
In Maine, NY the median home value sits at $218K. Against the broader NY market, that reads as reasonable for most investors.
Is the tenant base reliable in Maine, NY?
Tenant quality in Maine, NY ranks as solid. Landlords generally report steady occupancy at market rents of $963/mo.
What investment strategy works best in Maine, NY?
A careful cash-flow rentals with hands-on management strategy Maine, NY best. The market produces consistent results for that approach at the $218K price point.
Is Maine, NY a friendly market for rental owners?
Maine, NY operates under NY law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
What do landlords charge for rent in Maine, NY?
Investors in Maine, NY typically see rents near $963/mo per month against $218K home values - a solid setup for rental cash flow.
You know 13802 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 13802 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 13802 ranks in Binghamton, NY
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