Real Estate Investing in Addison, New York (14801)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Steuben County • Population: 5,415 • Data updated: September 2026

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Should you buy in 14801 (Addison, NY)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (72/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • High vacancy: 17.3% 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 Addison, NY (14801)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $152,727
Avg Monthly Rent $873
1% Rule ✗ Does Not Meet
Median Income $59,803
% Renters 19.2%

Market Analysis: 14801 Addison

The 14801 ZIP in Addison, NY is a local-operator market. Outside capital chasing a $153K entry has to pair deep knowledge with the discount.

Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14801 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

Regionally, 14801 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.

The demographic picture in 14801 includes headwinds that any investor should price in. Income distribution skews lower than Addison averages, and tenant stability requires active management.

Experienced landlords with local relationships tend to find 14801 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Addison:

C+ Average
Buy Confidence Score: 68/100
Affordability
20/25
Appreciation
18/25
Stability
9/20
Timing
6/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.6× the median income
Value Trend
Rising (+5.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $873/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Corning, NY Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Corning, NY metro data
🏠

Property Strategy for 14801

Which property type performs best in this market?

Best for Cash Flow
4BR
7.1% cap rate
Best for Appreciation
2BR
+6.9% 5yr CAGR
Best Overall Value
4BR
$41,163/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $122,026 $970 5.7% +6.9% $61,013
3BR $157,657 $1,270 5.8% +5.6% $52,552
4BR $164,651 $1,630 7.1% +5.9% $41,163

Market Trends

Home Value History (with trend line)

$161K$141K$120K$100K$80K$59KJul 2006Jul 2016Jul 2026

📊 How Does 14801 Compare?

Metric 14801 Addison Corning, NY New York
Home Value $152,727 $152,727 N/A $505,608
5-Year CAGR 4.4% 4.4% N/A 6.6%
Avg Rent $873 $873 N/A -
Cap Rate 4.5% 4.5% - -
💡 Why Invest in 14801? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 14801 (Addison, NY). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
4.5%
Fair
5yr Growth
+4.4%
Moderate

📉 Market Crash Risk Index

Based on Corning, NY metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $152,727
Monthly Rent $873
Price-to-Rent 14.6:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 6.9%
Cap Rate 4.5%
5-Year IRR 8.8%

📈 Home Appreciation

1-Year +5.7% ▲
3-Year CAGR +4.1% ▲
5-Year CAGR +4.4% ▲
10-Year CAGR +5.7% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 4.5%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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.

Vacancy
17.3%
Elevated risk
Landlord Climate
1.0/5
Protective
Value Trend (5yr)
+4.4%
Stable
Eviction process: Slow Rent control: Unfavorable

Demographics in 14801

Population: 5,415

💰 Median Household Income
$59,803
This area
$59,803
State
$86,376
USA
$74,580
🏠 Renter Occupied
19.2%
This area
19.2%
State
26.4%
USA
34.0%
💼 Unemployment Rate
2.9%
This area
2.9%
State
-24.2%
USA
3.7%
🎓 College Educated
14.1%
This area
14.1%
State
4.2%
USA
33.7%
👤 Median Age
38.5 years
This area
38.5 years
State
7.4 years
USA
38.9 years
🏚️ Vacancy Rate
17.3%
This area
17.3%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 97.5%
Other/Mixed 2.0%
Hispanic/Latino 0.9%
Black/African American 0.4%
👶 Under 18
28.9%
This area
28.9%
USA
22.0%
👴 65 and Over
15.7%
This area
15.7%
USA
17.3%
📊 Poverty Rate
11.4%
This area
11.4%
USA
11.5%

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 14801

A+ Avg School Grade
2 Schools
10.8:1 Avg Class Size
$29,179 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

ADDISON MIDDLE/HIGH SCHOOL

📚 06 – 12 High School
👥
515 Students
👨‍🏫
10.3:1 Class Size
💰
$29,179 Per Student
A+ Excellent

TUSCARORA ELEMENTARY SCHOOL

📚 K – 05 Elementary
👥
421 Students
👨‍🏫
11.3:1 Class Size
💰
$29,179 Per Student
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

1 Nearby 971 Off-Campus Students
C
SUNY Corning Community College
3,637 students · 11.0 mi

Investor Insight: With 971 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What is the median home value in Addison, NY?

Addison, NY home values average about $153K. That price point suits investors targeting rentals with $873/mo in monthly income.

How do landlord-tenant laws work in Addison, NY?

Landlord-friendliness in Addison, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.

What real estate strategy is ideal for Addison, NY?

The best-fit strategy in Addison, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Is Addison, NY a good place for real estate investing?

The 3.0/5 investability rating in Addison, NY reflects its $153K prices and $873/mo rents. Investors generally consider it a solid option within NY.

How strong is tenant demand in Addison, NY?

The tenant pool in Addison, NY is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.

You know 14801 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 14801 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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How 14801 ranks in Corning, NY

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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