Real Estate Investing in Castile, New York (14427)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14427 (Castile, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.2% of homes vacant — above national norms.
- 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 Castile, NY (14427)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14427 Castile
ZIP 14427 inside Wyoming County looks affordable on the surface — median value of $191K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14427 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Castile have seen price recovery that 14427 has not matched. Wyoming County data supports the view that the spread is structural rather than temporary.
Employment concentration in 14427 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 14427 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 Castile:
Property Strategy for 14427
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,476 | $970 | 4.5% | +6.3% | $78,238 |
| 3BR | $186,716 | $1,340 | 5.2% | +5.7% | $62,239 |
| 4BR | $205,883 | $1,600 | 5.6% | +6.9% | $51,471 |
Market Trends
Home Value History (with trend line)
📊 How Does 14427 Compare?
| Metric | 14427 | Castile | New York |
|---|---|---|---|
| Home Value | $191,401 | $191,401 | $505,608 |
| 5-Year CAGR | 4.5% | 4.5% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 14427 (Castile, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14427 (Castile, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $191,401 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.6%). 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 14427
Population: 1,875
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the best play in Castile, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Castile, NY. The numbers - $191K homes against $873/mo rents - support that play.
Is the tenant base reliable in Castile, NY?
Castile, NY offers a predictable renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Castile, NY a friendly market for rental owners?
Rental owners in Castile, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How strong is Castile, NY for real estate investors?
Investors tracking Castile, NY will find a 3.0/5 rating supported by $191K median home values and $873/mo rents. That profile suits long-term holders targeting stable returns.
Does a duplex house hack pencil in Castile, NY?
House hacking works a challenging in Castile, NY. Rents of $873/mo against $191K acquisition make the strategy solid for owner-occupants.
You know 14427 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14427 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 14427 (Castile)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 14427 (Castile, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.