Real Estate Investing in Canisteo, New York (14823)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14823 (Canisteo, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.0% 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 Canisteo, NY (14823)?
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Market Analysis: 14823 Canisteo
From a cash-flow lens, ZIP 14823 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $138K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $138K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14823 is substantial and deserves full respect.
In practical terms, 14823 offers a low basis, the region around Canisteo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 14823 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 14823 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 Canisteo:
Property Strategy for 14823
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $111,818 | $970 | 6.2% | +7.8% | $55,909 |
| 3BR | $134,270 | $1,270 | 6.8% | +7.2% | $44,757 |
| 4BR | $153,329 | $1,630 | 7.7% | +8.2% | $38,332 |
Market Trends
Home Value History (with trend line)
📊 How Does 14823 Compare?
| Metric | 14823 | Canisteo | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $137,652 | $137,652 | N/A | $505,608 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14823 (Canisteo, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,652 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (5.0%). 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 14823
Population: 3,697
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 14823
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
Frequently Asked Questions
What is the tenant pool like in Canisteo, NY?
The renter base in Canisteo, NY is reasonable for the $873/mo price point. Screening well and pricing to market typically yields predictable tenants.
How high is vacancy risk in Canisteo, NY?
Expect elevated vacancy in Canisteo, NY. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Are homes affordable in Canisteo, NY?
The median home value in Canisteo, NY is roughly $138K. That puts it reasonable relative to the NY statewide average.
Can I live-in-and-rent in Canisteo, NY?
For house hackers, Canisteo, NY is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $138K property.
Is Canisteo, NY a friendly market for rental owners?
NY law tenant-protective for landlords, and Canisteo inherits those rules. Investors should still review local ordinances for rental licensing.
You know 14823 now. You don’t know where it ranks.
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How 14823 ranks in Corning, NY
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