Real Estate Investing in Alfred Station, New York (14803)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14803 (Alfred Station, 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: 15.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 24.7% poverty rate — can affect rent collection.
- Higher unemployment: 10.5% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alfred Station, NY (14803)?
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Market Analysis: 14803 Alfred Station
On the rental side, ZIP 14803 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $202K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 14803 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From an investor standpoint, 14803 offers a low basis, the region around Alfred Station has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Stepping back, 1,491 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 14803 is an operator game, not a passive one. Turning to rents, entry prices of $202K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alfred Station:
Property Strategy for 14803
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $200,484 | $1,240 | 4.5% | +6.8% | $66,828 |
| 4BR | $241,177 | $1,540 | 4.6% | +8.6% | $60,294 |
Market Trends
Home Value History (with trend line)
📊 How Does 14803 Compare?
| Metric | 14803 | Alfred Station | New York |
|---|---|---|---|
| Home Value | $201,754 | $201,754 | $505,608 |
| 5-Year CAGR | 5.6% | 5.6% | 6.6% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14803 (Alfred Station, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,754 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.4%). 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 14803
Population: 1,491
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
How expensive is real estate in Alfred Station, NY?
Homes in Alfred Station, NY typically sell near $202K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How qualified is the tenant pool in Alfred Station, NY?
Working renters make up the core of the Alfred Station, NY tenant base. The pool is reasonable for investors targeting long-term holds.
How much is rent in Alfred Station, NY?
Average rent in Alfred Station, NY is approximately $873/mo per month. Against $202K home values that yields a reasonable rent-to-price ratio.
Is Alfred Station, NY better for rentals, flips, or BRRRR?
The best-fit strategy in Alfred Station, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Alfred Station, NY?
Vacancy risk in Alfred Station, NY is elevated. That supports measured cash flow for typical rental holds.
You know 14803 now. You don’t know where it ranks.
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