Real Estate Investing in Mendon, New York (14506)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14506 (Mendon, 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 Mendon, NY (14506)?
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Market Analysis: 14506 Mendon
ZIP 14506 in Mendon, NY carries a substantial set of headwinds. Home values near $491K and rents of $1,692/mo sit inside a market where underwriting has to be tight.
The 14506 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 14506's metrics run below Monroe County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 14506 includes headwinds that any investor should price in. Income distribution skews lower than Mendon averages, and tenant stability requires active management.
Strategically, 14506 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Mendon:
Property Strategy for 14506
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $417,977 | $2,270 | 3.9% | +9.1% | $139,326 |
| 4BR | $495,203 | $2,490 | 3.6% | +10.1% | $123,801 |
Market Trends
Home Value History (with trend line)
📊 How Does 14506 Compare?
| Metric | 14506 | Mendon | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $491,313 | $491,313 | N/A | $505,608 |
| 5-Year CAGR | 8.5% | 8.5% | N/A | 6.6% |
| Avg Rent | $1,692 | $1,692 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 14506 (Mendon, NY). Anonymous, moderated, never written by AI.
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Property managers serving Monroe County
Manage rentals here? List your business →Turn-Key Property Management is a full-service company specializing in residential properties of all sizes, serving the community since 1983. summary from their website
Gallagher Property Management helps individuals find their perfect rental home and provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $491,313 |
| Monthly Rent | $1,692 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.7%). 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 14506
Population: 866
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
Investor Insight: With 2,149 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can I house hack in Mendon, NY?
House hacking in Mendon, NY is a challenging. With home values around $491K and rents at $1,692/mo, owner-occupants can offset a meaningful share of PITI.
Is Mendon, NY a good market for buy-and-hold investors?
Mendon, NY scores 3.0/5 for investability. Home values sit at $491K and rents near $1,692/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Mendon, NY?
Homes in Mendon, NY typically sell near $491K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What do landlords charge for rent in Mendon, NY?
The typical rental in Mendon, NY commands about $1,692/mo monthly. That rent profile consistent cash flow against the $491K purchase basis.
Does Mendon, NY favor landlords or tenants?
For rental operators, Mendon, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 14506 now. You don’t know where it ranks.
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How 14506 ranks in Rochester, NY
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