Real Estate Investing in Palmyra, New York (14522)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14522 (Palmyra, 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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Palmyra, NY (14522)?
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Market Analysis: 14522 Palmyra
Not every below-median market is a bargain. Palmyra's 14522 ZIP stands at signals that favor experienced operators who can absorb the risk $245K pricing implies.
Meanwhile, the numbers look inviting — $245K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14522 is substantial and deserves full respect.
Within NY, ZIP 14522 trails on several market indicators that neighboring Wayne County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Demographically, 14522 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.
leans 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 Palmyra:
Property Strategy for 14522
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $178,796 | $1,290 | 5.2% | +8.9% | $89,398 |
| 3BR | $230,135 | $1,550 | 4.8% | +8.3% | $76,712 |
| 4BR | $267,459 | $1,710 | 4.6% | +8.7% | $66,865 |
| 5BR | $301,562 | — | — | +8.9% | $60,312 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14522 Compare?
| Metric | 14522 | Palmyra | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $245,231 | $245,231 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,055 | $1,055 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 14522 (Palmyra, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,231 |
| Monthly Rent | $1,055 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.4%). 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 14522
Population: 9,230
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 14522
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 3,556 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Palmyra in NY worth investing in?
Palmyra, NY scores 3.0/5 for investability. Home values sit at $245K and rents near $1,055/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the rental occupancy rate in Palmyra, NY?
Expect elevated vacancy in Palmyra, NY. Rents at $1,055/mo are absorbed by the tenant base without meaningful lag.
What do landlords charge for rent in Palmyra, NY?
Investors in Palmyra, NY typically see rents near $1,055/mo per month against $245K home values - a solid setup for rental cash flow.
Does a duplex house hack pencil in Palmyra, NY?
House hacking in Palmyra, NY is reasonable to execute. Prices around $245K and rents of $1,055/mo solid owner-occupant economics.
What is it like being a landlord in Palmyra, NY?
The landlord environment in Palmyra, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 14522 now. You don’t know where it ranks.
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How 14522 ranks in Rochester, NY
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