Real Estate Investing in Morris, New York (13808)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13808 (Morris, 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: 25.0% 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 Morris, NY (13808)?
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Market Analysis: 13808 Morris
Investors eyeing 13808 need to respect the fundamentals at play. Home values of $192K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 13808 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 13808 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 13808 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 13808 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 Morris:
Property Strategy for 13808
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,925 | $1,070 | 5.4% | — | $71,463 |
| 3BR | $182,211 | $1,290 | 5.1% | +6.6% | $60,737 |
| 4BR | $210,831 | $1,420 | 4.8% | — | $52,708 |
Market Trends
Home Value History (with trend line)
📊 How Does 13808 Compare?
| Metric | 13808 | Morris | Oneonta, NY | New York |
|---|---|---|---|---|
| Home Value | $192,186 | $192,186 | N/A | $505,608 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.6% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 13808 (Morris, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,186 |
| Monthly Rent | $963 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.9%). 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 13808
Population: 1,486
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 13808
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 do home values compare in Morris, NY?
The median home value in Morris, NY is roughly $192K. That puts it reasonable relative to the NY statewide average.
What is the typical vacancy rate in Morris, NY?
Rental vacancy in Morris, NY is elevated. Investors should budget normal turnover but not chronic empty units.
What investment strategy works best in Morris, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Morris, NY. With home values at $192K and rents near $963/mo, other strategies can work but produce steady rather than outsized returns.
Is NY a landlord-friendly state?
NY law tenant-protective for landlords, and Morris inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Morris, NY?
Rent in Morris, NY is around $963/mo. The resulting rent-to-value relationship with $192K pricing is reasonable for most investor models.
You know 13808 now. You don’t know where it ranks.
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How 13808 ranks in Oneonta, NY
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