Real Estate Investing in Canandaigua, New York (14424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14424 (Canandaigua, 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.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Canandaigua, NY (14424)?
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Market Analysis: 14424 Canandaigua
Investors eyeing 14424 need to respect the fundamentals at play. Home values of $380K come alongside slower price movement and elevated management overhead.
The 14424 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 14424's metrics run below Ontario County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 14424 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 14424 is an operator game, not a passive one. Meanwhile, entry prices of $380K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Canandaigua:
Property Strategy for 14424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $234,235 | $1,290 | 4.0% | +8.5% | $234,235 |
| 2BR | $308,725 | $1,610 | 3.8% | +8.3% | $154,363 |
| 3BR | $341,741 | $1,940 | 4.1% | +8.1% | $113,914 |
| 4BR | $425,573 | $2,130 | 3.6% | +8.7% | $106,393 |
| 5BR | $515,419 | — | — | +8.2% | $103,084 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14424 Compare?
| Metric | 14424 | Canandaigua | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $380,493 | $380,493 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,603 | $1,603 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 14424 (Canandaigua, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $380,493 |
| Monthly Rent | $1,603 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 14424
Population: 28,851
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 14424
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 3,497 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Canandaigua, NY a smart market for rental property?
Yes - Canandaigua, NY a 3.0/5 investability score. With $380K home prices against $1,603/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does house hacking work in Canandaigua, NY?
For house hackers, Canandaigua, NY is a challenging. The $1,603/mo rent on a unit helps defray the mortgage on a $380K property.
How much do tenants pay in Canandaigua, NY?
Investors in Canandaigua, NY typically see rents near $1,603/mo per month against $380K home values - a solid setup for rental cash flow.
What investment strategy works best in Canandaigua, NY?
A careful cash-flow rentals with hands-on management strategy Canandaigua, NY best. The market produces predictable results for that approach at the $380K price point.
Is housing expensive in Canandaigua, NY?
Expect median prices around $380K in Canandaigua, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 14424 now. You don’t know where it ranks.
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How 14424 ranks in Rochester, NY
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