Real Estate Investing in Whitney Point, New York (13862)
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Should you buy in 13862 (Whitney Point, 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: 13.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Whitney Point, NY (13862)?
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Market Analysis: 13862 Whitney Point
Investors eyeing 13862 need to respect the fundamentals at play. Home values of $203K come alongside slower price movement and elevated management overhead.
The investment case in 13862 is robust only for operators who understand what they are buying. A $203K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Whitney Point have seen price recovery that 13862 has not matched. Broome County data supports the view that the spread is structural rather than temporary.
The 13862 ZIP's population of 3,667 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 13862 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 Whitney Point:
Property Strategy for 13862
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,299 | $1,070 | 5.2% | +7.9% | $73,649 |
| 3BR | $193,471 | $1,380 | 5.1% | +7.4% | $64,490 |
| 4BR | $203,380 | $1,690 | 6.0% | +8.0% | $50,845 |
Market Trends
Home Value History (with trend line)
📊 How Does 13862 Compare?
| Metric | 13862 | Whitney Point | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $203,329 | $203,329 | N/A | $505,608 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.6% |
| Avg Rent | $963 | $963 | 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 13862 (Whitney Point, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,329 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 13862
Population: 3,667
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 13862
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 1,275 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Whitney Point, NY?
Whitney Point, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($203K prices, $963/mo rents) make it a reasonable choice.
How tight is the rental market in Whitney Point, NY?
Whitney Point, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Are homes affordable in Whitney Point, NY?
Typical homes in Whitney Point, NY go for around $203K. The 5-year CAGR of 0.0% even-keeled price movement.
Is NY a landlord-friendly state?
NY law tenant-protective for landlords, and Whitney Point inherits those rules. Investors should still review local ordinances for rental licensing.
Should investors consider Whitney Point, NY?
Whitney Point, NY records an investability rating of 3.0/5, with median home values near $203K and average rents around $963/mo. That combination puts it in the durable tier for investor interest.
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How 13862 ranks in Binghamton, NY
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