Real Estate Investing in Gerry, New York (14740)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14740 (Gerry, 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: 21.3% 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 Gerry, NY (14740)?
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Market Analysis: 14740 Gerry
On the rental side, ZIP 14740 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $181K median. It rewards specialists, not generalists.
The investment case in 14740 is substantial only for operators who understand what they are buying. A $181K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 14740's metrics run below Chautauqua County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 14740 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.
Strategy in 14740 is an operator game, not a passive one. On the rental side, entry prices of $181K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gerry:
Market Trends
Home Value History (with trend line)
📊 How Does 14740 Compare?
| Metric | 14740 | Gerry | Jamestown-Dunkirk-Fredonia, NY | New York |
|---|---|---|---|---|
| Home Value | $181,085 | $181,085 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $1,314 | $1,314 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14740 (Gerry, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $181,085 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.7%). 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 14740
Population: 1,283
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 657 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Gerry, NY?
Gerry, NY draws a steady base of working renters. Demand at the $1,314/mo rent level is reasonable for standard single-family and small multi rentals.
What kind of market is Gerry, NY for investors?
Gerry, NY scores 3.0/5 for investability. Home values sit at $181K and rents near $1,314/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical home price in Gerry, NY?
The median home value in Gerry, NY is roughly $181K. That puts it reasonable relative to the NY statewide average.
Does a duplex house hack pencil in Gerry, NY?
House hacking works a challenging in Gerry, NY. Rents of $1,314/mo against $181K acquisition make the strategy solid for owner-occupants.
Is rental property easy to operate in Gerry, NY?
NY law tenant-protective for landlords, and Gerry inherits those rules. Investors should still review local ordinances for rental licensing.
You know 14740 now. You don’t know where it ranks.
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How 14740 ranks in Jamestown-Dunkirk-Fredonia, NY
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