Real Estate Investing in Caledonia, New York (14423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14423 (Caledonia, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Caledonia, NY (14423)?
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Market Analysis: 14423 Caledonia
The 14423 ZIP in Caledonia, NY is a local-operator market. Outside capital chasing a $245K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $245K asset, 14423 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 14423 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 14423 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 14423 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Caledonia:
Property Strategy for 14423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $183,035 | $1,330 | 5.2% | +8.0% | $91,518 |
| 3BR | $229,249 | $1,600 | 5.0% | +8.1% | $76,416 |
| 4BR | $253,542 | $1,760 | 5.0% | +8.4% | $63,385 |
Market Trends
Home Value History (with trend line)
📊 How Does 14423 Compare?
| Metric | 14423 | Caledonia | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $244,948 | $244,948 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 14423 (Caledonia, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,948 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (3.8%). 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 14423
Population: 4,829
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 14423
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
Frequently Asked Questions
How much rent can I charge in Caledonia, NY?
Average rent in Caledonia, NY is approximately $1,197/mo per month. Against $245K home values that yields a reasonable rent-to-price ratio.
Does a duplex house hack pencil in Caledonia, NY?
House hacking in Caledonia, NY is reasonable to execute. Prices around $245K and rents of $1,197/mo solid owner-occupant economics.
Is Caledonia, NY a good place for real estate investing?
With a 3.0/5 investability score, Caledonia, NY ranks as a solid market for rental property investors. Median prices of $245K and rents of $1,197/mo drive the underlying numbers.
Are there empty rentals in Caledonia, NY?
Caledonia, NY carries elevated vacancy risk. Expect measured absorption at market rents of $1,197/mo.
What is the best play in Caledonia, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Caledonia, NY. The numbers - $245K homes against $1,197/mo rents - support that play.
You know 14423 now. You don’t know where it ranks.
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How 14423 ranks in Rochester, NY
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