Real Estate Investing in Painted Post, New York (14870)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14870 (Painted Post, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Painted Post, NY (14870)?
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Market Analysis: 14870 Painted Post
ZIP 14870 in Painted Post, NY carries a resilient set of headwinds. Home values near $215K and rents of $1,385/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $215K asset, 14870 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 14870 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 28% in 14870 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 14870 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Painted Post:
Property Strategy for 14870
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,273 | $1,380 | 7.1% | +5.7% | $70,136 |
| 3BR | $183,700 | $1,800 | 7.1% | +5.4% | $61,233 |
| 4BR | $317,227 | $2,290 | 5.2% | +5.3% | $79,307 |
| 5BR | $398,081 | — | — | +5.6% | $79,616 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14870 Compare?
| Metric | 14870 | Painted Post | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $214,501 | $214,501 | N/A | $505,608 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.6% |
| Avg Rent | $1,385 | $1,385 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 14870 (Painted Post, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $214,501 |
| Monthly Rent | $1,385 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | -2.0% ▼ |
| 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 14870
Population: 10,086
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 14870
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 971 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Painted Post, NY?
Median home price in Painted Post, NY is near $215K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the typical renter like in Painted Post, NY?
Painted Post, NY offers a consistent renter base at the $1,385/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the average monthly rent in Painted Post, NY?
Rent in Painted Post, NY is around $1,385/mo. The resulting rent-to-value relationship with $215K pricing is reasonable for most investor models.
Is rental property easy to operate in Painted Post, NY?
Landlord-friendliness in Painted Post, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of vacancy should I budget for in Painted Post, NY?
Occupancy in Painted Post, NY runs steady with elevated vacancy. Well-priced units at $1,385/mo lease on reasonable timelines.
You know 14870 now. You don’t know where it ranks.
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How 14870 ranks in Corning, NY
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