Real Estate Investing in Lockport, New York (14094)
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Should you buy in 14094 (Lockport, 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 Lockport, NY (14094)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14094 Lockport
Not every below-median market is a bargain. Lockport's 14094 ZIP sits at signals that favor experienced operators who can absorb the risk $274K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $274K asset, 14094 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 14094 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 14094 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 14094 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 Lockport:
Property Strategy for 14094
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $121,084 | $1,050 | 6.2% | +8.4% | $121,084 |
| 2BR | $194,723 | $1,240 | 4.6% | +9.4% | $97,362 |
| 3BR | $253,110 | $1,510 | 4.3% | +8.8% | $84,370 |
| 4BR | $326,776 | $1,730 | 3.8% | +8.9% | $81,694 |
| 5BR | $335,746 | — | — | +8.4% | $67,149 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14094 Compare?
| Metric | 14094 | Lockport | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $273,624 | $273,624 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,036 | $1,036 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 14094 (Lockport, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,624 |
| Monthly Rent | $1,036 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 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 14094
Population: 50,526
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 14094
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 2,969 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Lockport, NY?
Lockport, NY home values average about $274K. That price point suits investors targeting rentals with $1,036/mo in monthly income.
How strong is the working-renter base in Lockport, NY?
Tenant demand in Lockport, NY is solid. The local workforce $1,036/mo rents across most rental classes.
What is the smart move for investors in Lockport, NY?
In Lockport, NY the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $274K prices and $1,036/mo rents suits that approach.
Does house hacking work in Lockport, NY?
House hacking in Lockport, NY is reasonable to execute. Prices around $274K and rents of $1,036/mo solid owner-occupant economics.
Are landlord laws favorable in Lockport, NY?
Rental owners in Lockport, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 14094 now. You don’t know where it ranks.
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How 14094 ranks in Buffalo-Cheektowaga, NY
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