Real Estate Investing in Houghton, New York (14744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14744 (Houghton, 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: 20.2% 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 Houghton, NY (14744)?
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Market Analysis: 14744 Houghton
The 14744 ZIP in Houghton, NY is a local-operator market. Outside capital chasing a $212K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 14744 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NY, ZIP 14744 trails on several market indicators that neighboring Allegany County submarkets outperform. The gap is real and significant enough to shape underwriting.
A substantial renter share of 28% in 14744 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 14744 is an operator game, not a passive one. On the rental side, entry prices of $212K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Houghton:
Market Trends
Home Value History (with trend line)
📊 How Does 14744 Compare?
| Metric | 14744 | Houghton | New York |
|---|---|---|---|
| Home Value | $211,588 | $211,588 | $505,608 |
| 5-Year CAGR | 6.6% | 6.6% | 6.6% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14744 (Houghton, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,588 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.9%). 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 14744
Population: 2,186
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
Frequently Asked Questions
Is Houghton, NY better for rentals, flips, or BRRRR?
For Houghton, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is rental property easy to operate in Houghton, NY?
The landlord environment in Houghton, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How high is vacancy risk in Houghton, NY?
Houghton, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $1,062/mo.
Does house hacking work in Houghton, NY?
House hacking works a challenging in Houghton, NY. Rents of $1,062/mo against $212K acquisition make the strategy solid for owner-occupants.
What do rentals go for in Houghton, NY?
Rental rates in Houghton, NY average $1,062/mo. Tenant demand and $212K home values make the yield look reasonable by investor standards.
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