Real Estate Investing in Owego, New York (13827)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13827 (Owego, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Owego, NY (13827)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 13827 Owego
Looking more closely, ZIP 13827 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $212K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 13827 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 13827's metrics run below Tioga County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 13827 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Owego:
Property Strategy for 13827
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $134,507 | $1,110 | 5.9% | +6.5% | $67,253 |
| 3BR | $187,087 | $1,420 | 5.5% | +6.1% | $62,362 |
| 4BR | $245,236 | $1,630 | 4.8% | +7.3% | $61,309 |
| 5BR | $273,587 | — | — | +7.5% | $54,717 |
Market Trends
Home Value History (with trend line)
📊 How Does 13827 Compare?
| Metric | 13827 | Owego | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $212,162 | $212,162 | N/A | $505,608 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.6% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 13827 (Owego, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,162 |
| Monthly Rent | $999 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.7%). 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 13827
Population: 11,713
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 13827
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
What kind of vacancy should I budget for in Owego, NY?
Owego, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Owego, NY?
Average rent in Owego, NY is approximately $999/mo per month. Against $212K home values that yields a reasonable rent-to-price ratio.
What approach is best for Owego, NY real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Owego, NY. The numbers - $212K homes against $999/mo rents - support that play.
Is Owego, NY a good market for FHA house hackers?
Owego, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $212K price point reasonable to enter.
Is Owego, NY a good market for buy-and-hold investors?
Our data puts Owego, NY at 3.0/5 for investability. Home prices of $212K and rents around $999/mo create a solid backdrop for investor activity.
You know 13827 now. You don’t know where it ranks.
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How 13827 ranks in Binghamton, NY
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