Real Estate Investing in Alpine, New York (14805)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14805 (Alpine, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alpine, NY (14805)?
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Market Analysis: 14805 Alpine
The 14805 ZIP covers a section of Alpine that demands careful diligence. Prices near $227K look accessible, but the work to make a deal cash flow is real.
The investment case in 14805 is resilient only for operators who understand what they are buying. A $227K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 14805 offers a low basis, the region around Alpine has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 14805 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 14805 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 Alpine:
Property Strategy for 14805
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $186,693 | $1,370 | 5.3% | +7.3% | $93,347 |
| 3BR | $227,960 | $1,730 | 5.5% | +5.2% | $75,987 |
Market Trends
Home Value History (with trend line)
📊 How Does 14805 Compare?
| Metric | 14805 | Alpine | New York |
|---|---|---|---|
| Home Value | $227,408 | $227,408 | $505,608 |
| 5-Year CAGR | 4.1% | 4.1% | 6.6% |
| Avg Rent | $1,233 | $1,233 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14805 (Alpine, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,408 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.2%). 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 14805
Population: 723
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 14805
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
ODESSA-MONTOUR JUNIOR/SENIOR HIGH SCHOOL
HOWARD A HANLON ELEMENTARY SCHOOL
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 Alpine, NY a good investment right now?
The 3.0/5 investability rating in Alpine, NY reflects its $227K prices and $1,233/mo rents. Investors generally consider it a solid option within NY.
Is rental property easy to operate in Alpine, NY?
Rental owners in Alpine, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What monthly rent should investors expect in Alpine, NY?
The typical rental in Alpine, NY commands about $1,233/mo monthly. That rent profile consistent cash flow against the $227K purchase basis.
What is the rental occupancy rate in Alpine, NY?
Alpine, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
Does house hacking work in Alpine, NY?
Alpine, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $227K price point reasonable to enter.
You know 14805 now. You don’t know where it ranks.
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