Real Estate Investing in Wayland, New York (14572)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14572 (Wayland, 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.
- High vacancy: 19.4% 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 Wayland, NY (14572)?
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Market Analysis: 14572 Wayland
The 14572 ZIP covers a section of Wayland that demands careful diligence. Prices near $168K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $168K asset, 14572 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NY, ZIP 14572 trails on several market indicators that neighboring Steuben County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
A sturdy renter share of 18% in 14572 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Wayland's stable or hybrid ZIPs before stepping into 14572. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Wayland:
Property Strategy for 14572
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $155,463 | $1,290 | 6.0% | +7.0% | $77,732 |
| 3BR | $163,533 | $1,550 | 6.8% | +6.3% | $54,511 |
| 4BR | $167,863 | $1,710 | 7.3% | +7.0% | $41,966 |
| 5BR | $196,390 | — | — | +7.0% | $39,278 |
Market Trends
Home Value History (with trend line)
📊 How Does 14572 Compare?
| Metric | 14572 | Wayland | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $168,390 | $168,390 | N/A | $505,608 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.6% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14572 (Wayland, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,390 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (5.4%). 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 14572
Population: 4,745
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 14572
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.
Frequently Asked Questions
Is real estate in Wayland, NY a good investment right now?
Our data puts Wayland, NY at 3.0/5 for investability. Home prices of $168K and rents around $1,161/mo create a solid backdrop for investor activity.
How quickly do rentals get leased in Wayland, NY?
Wayland, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Is Wayland, NY good for house hacking?
Wayland, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $168K price point reasonable to enter.
What type of investing works in Wayland, NY?
In Wayland, NY the solid play is typically careful cash-flow rentals with hands-on management. The combination of $168K prices and $1,161/mo rents suits that approach.
What monthly rent should investors expect in Wayland, NY?
Wayland, NY rentals go for roughly $1,161/mo a month. That puts gross yield in solid territory relative to $168K acquisition costs.
You know 14572 now. You don’t know where it ranks.
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How 14572 ranks in Corning, NY
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