Real Estate Investing in Chaffee, New York (14134)
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Should you buy in 14134 (Chaffee, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
• 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 Chaffee, NY (14134)?
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Market Analysis: 14134 Chaffee
The 14134 ZIP in Chaffee, NY is a local-operator market. Outside capital chasing a $268K entry has to pair deep knowledge with the discount.
For an experienced owner, 14134 can be a a solid fit for hunting ground — but the discount at $268K reflects genuine risk that outside investors often underestimate.
Regionally, 14134 sits on the difficult end of the NY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 14134 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Chaffee:
Market Trends
Home Value History (with trend line)
📊 How Does 14134 Compare?
| Metric | 14134 | Chaffee | Buffalo-Cheektowaga, NY | New York |
|---|---|---|---|---|
| Home Value | $268,258 | $262,721 | N/A | $505,608 |
| 5-Year CAGR | 6.0% | 5.4% | N/A | 6.6% |
| Avg Rent | $945 | $941 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14134 (Chaffee, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,258 |
| Monthly Rent | $945 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.8%). 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 14134
Population: 57
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 14134
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
PIONEER MIDDLE SCHOOL
PIONEER SENIOR HIGH SCHOOL
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
Is Chaffee, NY good for landlords?
Rental owners in Chaffee, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Chaffee, NY real estate?
Chaffee, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($268K prices, $945/mo rents) make it a reasonable choice.
Is Chaffee in NY worth investing in?
Chaffee, NY scores 3.0/5 for investability. Home values sit at $268K and rents near $945/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is house hacking profitable in Chaffee, NY?
For house hackers, Chaffee, NY is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $268K property.
Are homes affordable in Chaffee, NY?
Typical homes in Chaffee, NY go for around $268K. The 5-year CAGR of 0.0% predictable price movement.
You know 14134 now. You don’t know where it ranks.
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