Real Estate Investing in Westfield, New York (14787)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14787 (Westfield, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.7% 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 Westfield, NY (14787)?
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Market Analysis: 14787 Westfield
This part of Chautauqua County is not an easy win. The 14787 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $188K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14787 is substantial and deserves full respect.
Regionally, 14787 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.
Who lives in 14787 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 14787 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Westfield:
Property Strategy for 14787
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $107,223 | $750 | 5.0% | +8.0% | $107,223 |
| 2BR | $155,714 | $970 | 4.5% | +10.7% | $77,857 |
| 3BR | $178,658 | $1,280 | 5.2% | +9.3% | $59,553 |
| 4BR | $205,885 | $1,290 | 4.5% | +9.7% | $51,471 |
| 5BR | $275,469 | — | — | +8.5% | $55,094 |
Market Trends
Home Value History (with trend line)
📊 How Does 14787 Compare?
| Metric | 14787 | Westfield | Jamestown-Dunkirk-Fredonia, NY | New York |
|---|---|---|---|---|
| Home Value | $188,265 | $188,265 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14787 (Westfield, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,265 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (3.6%). 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 14787
Population: 4,863
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 14787
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.
Frequently Asked Questions
What monthly rent should investors expect in Westfield, NY?
Investors in Westfield, NY typically see rents near $873/mo per month against $188K home values - a solid setup for rental cash flow.
What is the tenant pool like in Westfield, NY?
The renter base in Westfield, NY is reasonable for the $873/mo price point. Screening well and pricing to market typically yields consistent tenants.
What are home prices like in Westfield, NY?
Westfield, NY median home values land near $188K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
What is it like being a landlord in Westfield, NY?
Westfield, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How do experienced investors play Westfield, NY?
A careful cash-flow rentals with hands-on management strategy Westfield, NY best. The market produces even-keeled results for that approach at the $188K price point.
You know 14787 now. You don’t know where it ranks.
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How 14787 ranks in Jamestown-Dunkirk-Fredonia, NY
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