Real Estate Investing in Cherry Creek, New York (14723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14723 (Cherry Creek, 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: 28.5% 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 Cherry Creek, NY (14723)?
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Market Analysis: 14723 Cherry Creek
Not every below-median market is a bargain. Cherry Creek's 14723 ZIP shows signals that favor experienced operators who can absorb the risk $169K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14723 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NY, ZIP 14723 trails on several market indicators that neighboring Chautauqua County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 14723 includes headwinds that any investor should price in. Income distribution skews lower than Cherry Creek averages, and tenant stability requires active management.
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 Cherry Creek:
Property Strategy for 14723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $173,294 | $1,010 | 4.2% | +10.6% | $86,647 |
| 3BR | $166,162 | $1,330 | 5.8% | +9.7% | $55,387 |
Market Trends
Home Value History (with trend line)
📊 How Does 14723 Compare?
| Metric | 14723 | Cherry Creek | Jamestown-Dunkirk-Fredonia, NY | New York |
|---|---|---|---|---|
| Home Value | $168,843 | $168,843 | N/A | $505,608 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.6% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 14723 (Cherry Creek, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,843 |
| Monthly Rent | $909 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (4.2%). 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 14723
Population: 1,060
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 729 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Cherry Creek, NY?
Typical homes in Cherry Creek, NY go for around $169K. The 5-year CAGR of 0.0% consistent price movement.
Can owner-occupants cash flow in Cherry Creek, NY?
The house hack math a challenging in Cherry Creek, NY. Owner-occupant buyers benefit from the $909/mo rents and $169K home values.
How strong is the working-renter base in Cherry Creek, NY?
Tenant quality in Cherry Creek, NY ranks as solid. Landlords generally report stable occupancy at market rents of $909/mo.
Is rental property easy to operate in Cherry Creek, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Cherry Creek generally follows the statewide framework, so landlords face reasonable operating rules.
How much is rent in Cherry Creek, NY?
Average rent in Cherry Creek, NY is approximately $909/mo per month. Against $169K home values that yields a reasonable rent-to-price ratio.
You know 14723 now. You don’t know where it ranks.
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How 14723 ranks in Jamestown-Dunkirk-Fredonia, NY
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Community Ratings
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