Real Estate Investing in Leicester, New York (14481)
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Should you buy in 14481 (Leicester, 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 Leicester, NY (14481)?
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Market Analysis: 14481 Leicester
Not every below-median market is a bargain. Leicester's 14481 ZIP reports signals that favor experienced operators who can absorb the risk $228K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14481 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Leicester have seen price recovery that 14481 has not matched. Livingston County data supports the view that the spread is structural rather than temporary.
Employment concentration in 14481 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to 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 Leicester:
Property Strategy for 14481
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $169,104 | $1,340 | 5.7% | +8.9% | $84,552 |
| 3BR | $219,595 | $1,610 | 5.3% | +8.3% | $73,198 |
| 4BR | $230,605 | $1,770 | 5.5% | +8.0% | $57,651 |
Market Trends
Home Value History (with trend line)
📊 How Does 14481 Compare?
| Metric | 14481 | Leicester | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $228,037 | $228,037 | N/A | $505,608 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.6% |
| Avg Rent | $1,206 | $1,206 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14481 (Leicester, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,037 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.1%). 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 14481
Population: 1,883
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 typical home price in Leicester, NY?
The median home value in Leicester, NY is roughly $228K. That puts it reasonable relative to the NY statewide average.
Are renters plentiful in Leicester, NY?
The tenant pool in Leicester, NY is solid, supported by local employment and population fundamentals. Rents of $1,206/mo are well-absorbed by the market.
How strong are rents in Leicester, NY?
Expect rents around $1,206/mo per month in Leicester, NY. With home values at $228K, the yield math works out to reasonable levels for rental investors.
Does Leicester, NY favor landlords or tenants?
Leicester, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How strong is Leicester, NY for real estate investors?
Investors tracking Leicester, NY will find a 3.0/5 rating supported by $228K median home values and $1,206/mo rents. That profile suits long-term holders targeting stable returns.
You know 14481 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14481 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.
How 14481 ranks in Rochester, NY
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