Real Estate Investing in Frewsburg, New York (14738)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14738 (Frewsburg, 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: 23.6% 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 Frewsburg, NY (14738)?
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Market Analysis: 14738 Frewsburg
Looking more closely, ZIP 14738 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $181K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $181K asset, 14738 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 14738 sits on the difficult end of the NY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 14738 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 14738 is an operator game, not a passive one. Meanwhile, 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 Frewsburg:
Property Strategy for 14738
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,931 | $1,070 | 5.1% | +10.1% | $75,465 |
| 3BR | $183,671 | $1,410 | 5.5% | +8.9% | $61,224 |
| 4BR | $206,588 | $1,430 | 5.0% | +9.8% | $51,647 |
Market Trends
Home Value History (with trend line)
📊 How Does 14738 Compare?
| Metric | 14738 | Frewsburg | Olean, NY | New York |
|---|---|---|---|---|
| Home Value | $180,688 | $180,688 | N/A | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.6% |
| Avg Rent | $963 | $963 | 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 14738 (Frewsburg, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,688 |
| Monthly Rent | $963 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (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 14738
Population: 3,550
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 14738
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 626 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Frewsburg, NY a good market for buy-and-hold investors?
Frewsburg, NY rates 3.0/5 for investability. With median values at $181K and rents near $963/mo, the market offers reasonable fundamentals for rental investors.
How should investors approach Frewsburg, NY?
Investors usually favor careful cash-flow rentals with hands-on management in Frewsburg, NY. With home values at $181K and rents near $963/mo, other strategies can work but produce reliable rather than outsized returns.
How strong is tenant demand in Frewsburg, NY?
Expect a solid tenant pool in Frewsburg, NY. The rental market absorbs $963/mo rents without meaningful friction.
Can owner-occupants cash flow in Frewsburg, NY?
House hacking in Frewsburg, NY is a challenging. With home values around $181K and rents at $963/mo, owner-occupants can offset a meaningful share of PITI.
What are rental rates like in Frewsburg, NY?
Frewsburg, NY rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $181K acquisition costs.
You know 14738 now. You don’t know where it ranks.
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How 14738 ranks in Olean, NY
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