Real Estate Investing in Corning, New York (14830)
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Should you buy in 14830 (Corning, 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.
What’s happening in Corning, NY (14830)?
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Market Analysis: 14830 Corning
ZIP 14830 inside Steuben County looks affordable on the surface — median value of $183K — but the discount exists for reasons that a careful buyer should understand before committing.
The 14830 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader NY picture, 14830 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 33% in 14830 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 14830 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Corning:
Property Strategy for 14830
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $101,244 | $1,010 | 7.2% | +2.1% | $101,244 |
| 2BR | $126,249 | $1,250 | 7.1% | +5.2% | $63,125 |
| 3BR | $161,932 | $1,630 | 7.2% | +4.9% | $53,977 |
| 4BR | $211,933 | $2,080 | 7.1% | +5.5% | $52,983 |
| 5BR | $315,888 | — | — | +6.2% | $63,178 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14830 Compare?
| Metric | 14830 | Corning | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $183,313 | $183,313 | N/A | $505,608 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.6% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 5.7% | 5.7% | - | - |
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 14830 (Corning, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,313 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (5.7%). 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 14830
Population: 18,752
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 14830
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
Are tenants stable in Corning, NY?
Corning, NY draws a reliable base of working renters. Demand at the $1,332/mo rent level is reasonable for standard single-family and small multi rentals.
Is Corning, NY a smart market for rental property?
With a 3.0/5 investability score, Corning, NY ranks as a solid market for rental property investors. Median prices of $183K and rents of $1,332/mo drive the underlying numbers.
How do landlord-tenant laws work in Corning, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Corning generally follows the statewide framework, so landlords face reasonable operating rules.
What do landlords charge for rent in Corning, NY?
Rent in Corning, NY is around $1,332/mo. The resulting rent-to-value relationship with $183K pricing is reasonable for most investor models.
Is Corning, NY suited for a house hack?
The a challenging house-hack environment in Corning, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 14830 now. You don’t know where it ranks.
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How 14830 ranks in Corning, NY
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