Real Estate Investing in South Kortright, New York (13842)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13842 (South Kortright, 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: 41.0% 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 South Kortright, NY (13842)?
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Market Analysis: 13842 South Kortright
This part of Delaware County is not an easy win. The 13842 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 13842 can be a a credible choice for hunting ground — but the discount at $286K reflects genuine risk that outside investors often underestimate.
The gap between 13842 and stronger South Kortright ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 13842 includes headwinds that any investor should price in. Income distribution skews lower than South Kortright averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 13842, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in South Kortright:
Market Trends
Home Value History (with trend line)
📊 How Does 13842 Compare?
| Metric | 13842 | South Kortright | New York |
|---|---|---|---|
| Home Value | $286,112 | $286,112 | $505,608 |
| 5-Year CAGR | 6.3% | 6.3% | 6.6% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13842 (South Kortright, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,112 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.0%). 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 13842
Population: 607
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 13842
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 does South Kortright, NY stack up for property investment?
The 3.0/5 investability rating in South Kortright, NY reflects its $286K prices and $1,098/mo rents. Investors generally consider it a solid option within NY.
Should investors worry about vacancy in South Kortright, NY?
Vacancy risk in South Kortright, NY is elevated. That supports even-keeled cash flow for typical rental holds.
What real estate strategy is ideal for South Kortright, NY?
The best-fit strategy in South Kortright, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is rental property easy to operate in South Kortright, NY?
NY law tenant-protective for landlords, and South Kortright inherits those rules. Investors should still review local ordinances for rental licensing.
Where do rents currently stand in South Kortright, NY?
Rent in South Kortright, NY is around $1,098/mo. The resulting rent-to-value relationship with $286K pricing is reasonable for most investor models.
You know 13842 now. You don’t know where it ranks.
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