Real Estate Investing in Big Flats, New York (14814)
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Should you buy in 14814 (Big Flats, NY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- 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 Big Flats, NY (14814)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14814 Big Flats
This part of Chemung County is not an easy win. The 14814 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14814 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 14814's metrics run below Chemung County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 14814 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 14814 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Big Flats:
Property Strategy for 14814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $225,397 | $1,850 | 5.9% | +6.3% | $75,132 |
| 4BR | $295,248 | $2,020 | 4.9% | +6.3% | $73,812 |
Market Trends
Home Value History (with trend line)
📊 How Does 14814 Compare?
| Metric | 14814 | Big Flats | Elmira, NY | New York |
|---|---|---|---|---|
| Home Value | $273,404 | $273,404 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,305 | $1,305 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 14814 (Big Flats, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,404 |
| Monthly Rent | $1,305 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.7%). 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 14814
Population: 2,047
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 14814
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
Investor Insight: With 1,084 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Big Flats, NY a good market for buy-and-hold investors?
Investors tracking Big Flats, NY will find a 3.0/5 rating supported by $273K median home values and $1,305/mo rents. That profile suits long-term holders targeting steady returns.
How much rent can I charge in Big Flats, NY?
Big Flats, NY rentals go for roughly $1,305/mo a month. That puts gross yield in solid territory relative to $273K acquisition costs.
What is the average home sale price in Big Flats, NY?
Typical homes in Big Flats, NY go for around $273K. The 5-year CAGR of 0.0% consistent price movement.
What is the tenant pool like in Big Flats, NY?
Expect a solid tenant pool in Big Flats, NY. The rental market absorbs $1,305/mo rents without meaningful friction.
What approach is best for Big Flats, NY real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Big Flats, NY. The numbers - $273K homes against $1,305/mo rents - support that play.
You know 14814 now. You don’t know where it ranks.
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How 14814 ranks in Elmira, NY
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