Real Estate Investing in Salamanca, New York (14779)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14779 (Salamanca, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 19.3% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Salamanca, NY (14779)?
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Market Analysis: 14779 Salamanca
This part of Cattaraugus County is not an easy win. The 14779 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 14779 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 14779 and stronger Salamanca ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 14779 includes headwinds that any investor should price in. Income distribution skews lower than Salamanca averages, and tenant stability requires active management.
The 14779 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Salamanca:
Property Strategy for 14779
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $100,564 | $980 | 7.0% | +10.8% | $50,282 |
| 3BR | $99,321 | $1,200 | 8.7% | +9.6% | $33,107 |
| 4BR | $123,546 | $1,380 | 8.0% | +10.2% | $30,886 |
| 5BR | $121,771 | — | — | — | $24,354 |
Market Trends
Home Value History (with trend line)
📊 How Does 14779 Compare?
| Metric | 14779 | Salamanca | Olean, NY | New York |
|---|---|---|---|---|
| Home Value | $113,601 | $113,601 | N/A | $505,608 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.6% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 6.1% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14779 (Salamanca, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,601 |
| Monthly Rent | $882 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.1% |
| 5-Year IRR | 14.1% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (6.1%). 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 14779
Population: 6,791
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 14779
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
Frequently Asked Questions
Is real estate in Salamanca, NY a good investment right now?
Salamanca, NY scores 4.0/5 for investability. Home values sit at $114K and rents near $882/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are vacancy rates like in Salamanca, NY?
Vacancy in Salamanca, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $882/mo.
What is the typical rental rate in Salamanca, NY?
Investors in Salamanca, NY typically see rents near $882/mo per month against $114K home values - a solid setup for rental cash flow.
What kind of tenants rent in Salamanca, NY?
Salamanca, NY offers a steady renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the median home value in Salamanca, NY?
Typical homes in Salamanca, NY go for around $114K. The 5-year CAGR of 0.0% measured price movement.
You know 14779 now. You don’t know where it ranks.
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