Real Estate Investing in Delevan, New York (14042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14042 (Delevan, 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: 15.2% 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 Delevan, NY (14042)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14042 Delevan
The 14042 ZIP covers a section of Delevan that demands careful diligence. Prices near $203K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $203K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14042 is substantial and deserves full respect.
The gap between 14042 and stronger Delevan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 14042 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 14042 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Delevan:
Property Strategy for 14042
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,914 | $1,040 | 4.3% | +10.1% | $87,457 |
| 3BR | $206,440 | $1,270 | 4.4% | +9.4% | $68,813 |
Market Trends
Home Value History (with trend line)
📊 How Does 14042 Compare?
| Metric | 14042 | Delevan | Olean, NY | New York |
|---|---|---|---|---|
| Home Value | $202,699 | $202,699 | N/A | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 14042 (Delevan, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14042 (Delevan, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $202,699 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.6%). 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 14042
Population: 4,207
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 14042
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.
Frequently Asked Questions
What is the best play in Delevan, NY?
Most investors in Delevan, NY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical renter like in Delevan, NY?
Working renters make up the core of the Delevan, NY tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Delevan, NY?
The landlord environment in Delevan, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Should investors worry about vacancy in Delevan, NY?
Occupancy in Delevan, NY runs steady with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
Does house hacking work in Delevan, NY?
Delevan, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $203K price point reasonable to enter.
You know 14042 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14042 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 14042 ranks in Olean, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 14042 (Delevan)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 14042 (Delevan, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.