Real Estate Investing in Milford, New York (13807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13807 (Milford, 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: 32.4% 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 Milford, NY (13807)?
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Market Analysis: 13807 Milford
The 13807 ZIP covers a section of Milford that demands careful diligence. Prices near $243K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 13807 can be a a viable market for hunting ground — but the discount at $243K reflects genuine risk that outside investors often underestimate.
Regionally, 13807 sits on the difficult end of the NY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 1,260 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.
New investors are better served looking at Milford's stable or hybrid ZIPs before stepping into 13807. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Milford:
Property Strategy for 13807
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $213,409 | $1,290 | 4.4% | +6.7% | $71,136 |
| 4BR | $251,921 | $1,420 | 4.1% | +6.0% | $62,980 |
Market Trends
Home Value History (with trend line)
📊 How Does 13807 Compare?
| Metric | 13807 | Milford | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $242,676 | $242,676 | N/A | $505,608 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 13807 (Milford, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,676 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (3.1%). 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 13807
Population: 1,260
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 13807
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
Does Milford, NY make sense for an investment property?
Yes - Milford, NY a 3.0/5 investability score. With $243K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do rents currently stand in Milford, NY?
Expect rents around $963/mo per month in Milford, NY. With home values at $243K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Milford, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Milford, NY. With home values at $243K and rents near $963/mo, other strategies can work but produce even-keeled rather than outsized returns.
How landlord-friendly is Milford, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Milford generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical renter like in Milford, NY?
The renter base in Milford, NY is reasonable for the $963/mo price point. Screening well and pricing to market typically yields measured tenants.
You know 13807 now. You don’t know where it ranks.
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How 13807 ranks in Oneonta, NY
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