Real Estate Investing in Celoron, New York (14720)
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Should you buy in 14720 (Celoron, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Lower household income: $39,943 median — tenant affordability is tighter.
• 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 Celoron, NY (14720)?
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Market Analysis: 14720 Celoron
ZIP 14720 inside Celoron, NY leans into a value-add thesis. Home values near $97K sit below the state median, and rents of $972/mo leave room for forced-equity plays.
Flippers and value-add operators have treated 14720 as a working ZIP for a reason. Entry prices around $97K and a deep rental base of 50% renters underpin the exit strategy on both the sale and rent sides.
Relative to NY, 14720 reads as a working-capital ZIP — prices below average, renter share elevated at 50%, and room for operator-led upside.
The 14720 ZIP's demographic trend has been one of stability with upside — population of 853, steady renter share, and an incoming cohort that is willing to pay for improved units.
Value-add plays pencil in 14720 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Celoron:
Market Trends
Home Value History (with trend line)
📊 How Does 14720 Compare?
| Metric | 14720 | Celoron | Jamestown-Dunkirk-Fredonia, NY | New York |
|---|---|---|---|---|
| Home Value | $96,814 | $96,814 | N/A | $505,608 |
| 5-Year CAGR | 9.2% | 9.2% | N/A | 6.6% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 7.8% | 7.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14720 (Celoron, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $96,814 |
| Monthly Rent | $972 |
| Price-to-Rent | 8.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.1% |
| Cap Rate | 7.8% |
| 5-Year IRR | 17.0% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (7.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14720
Population: 853
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 14720
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ABRAHAM LINCOLN ELEMENTARY SCHOOL
CARLYLE C RING ELEMENTARY SCHOOL
GEORGE WASHINGTON MIDDLE SCHOOL
MILTON J FLETCHER ELEMENTARY SCHOOL
PERSELL MIDDLE SCHOOL
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 657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Celoron, NY better for rentals, flips, or BRRRR?
For Celoron, NY, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
What monthly rent should investors expect in Celoron, NY?
Rental rates in Celoron, NY average $972/mo. Tenant demand and $97K home values make the yield look reasonable by investor standards.
Is it possible to hit the 1% rule in Celoron, NY?
Yes, many Celoron, NY properties clear the 1% rule. The rent-to-price ratio averages 1.00%, supported by $972/mo rents.
How well does BRRRR work in Celoron, NY?
BRRRR works a strong in Celoron, NY. With $97K ARVs and $972/mo rents, investors who buy right can refinance out most of their capital.
How much should I expect to pay for a home in Celoron, NY?
Expect median prices around $97K in Celoron, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
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How 14720 ranks in Jamestown-Dunkirk-Fredonia, NY
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