Real Estate Investing in Grand Island, New York (14072)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14072 (Grand Island, 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.
What’s happening in Grand Island, NY (14072)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14072 Grand Island
This part of Erie County is not an easy win. The 14072 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 14072 can be a a solid fit for hunting ground — but the discount at $398K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Grand Island have seen price recovery that 14072 has not matched. Erie County data supports the view that the spread is structural rather than temporary.
Employment concentration in 14072 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 14072 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Grand Island:
Property Strategy for 14072
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $316,860 | $1,630 | 3.7% | +7.9% | $158,430 |
| 3BR | $343,405 | $1,990 | 4.2% | +7.5% | $114,468 |
| 4BR | $440,789 | $2,270 | 3.7% | +8.0% | $110,197 |
| 5BR | $465,088 | — | — | +7.7% | $93,018 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14072 Compare?
| Metric | 14072 | Grand Island | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $398,141 | $398,141 | N/A | $505,608 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.6% |
| Avg Rent | $1,903 | $1,903 | 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 14072 (Grand Island, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $398,141 |
| Monthly Rent | $1,903 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 14072
Population: 21,441
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 14072
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 1,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Grand Island, NY?
The best-fit strategy in Grand Island, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical renter like in Grand Island, NY?
Grand Island, NY offers a consistent renter base at the $1,903/mo rent level. Tenant turnover is reasonable for well-managed properties.
Do landlords face vacancy issues in Grand Island, NY?
Rental vacancy in Grand Island, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Grand Island, NY good for house hacking?
House hacking in Grand Island, NY is a challenging. With home values around $398K and rents at $1,903/mo, owner-occupants can offset a meaningful share of PITI.
How much does a house cost in Grand Island, NY?
In Grand Island, NY the median home value sits at $398K. Against the broader NY market, that reads as reasonable for most investors.
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How 14072 ranks in Buffalo-Cheektowaga, NY
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