Real Estate Investing in Greenwood, New York (14839)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14839 (Greenwood, 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: 35.9% 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 Greenwood, NY (14839)?
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Market Analysis: 14839 Greenwood
This part of Steuben County is not an easy win. The 14839 ZIP registers 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 14839 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NY picture, 14839 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 14839 includes headwinds that any investor should price in. Income distribution skews lower than Greenwood averages, and tenant stability requires active management.
The right play in 14839 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 Greenwood:
Market Trends
Home Value History (with trend line)
📊 How Does 14839 Compare?
| Metric | 14839 | Greenwood | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $149,732 | $154,340 | N/A | $505,608 |
| 5-Year CAGR | 2.6% | 4.1% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.6% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14839 (Greenwood, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,732 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (4.6%). 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 14839
Population: 553
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 14839
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
How does Greenwood, NY stack up for property investment?
Greenwood, NY rates 3.0/5 for investability. With median values at $150K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
Are renters plentiful in Greenwood, NY?
The renter base in Greenwood, NY is reasonable for the $873/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How strong are rents in Greenwood, NY?
Greenwood, NY rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $150K acquisition costs.
What kind of vacancy should I budget for in Greenwood, NY?
Greenwood, NY carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.
How do home values compare in Greenwood, NY?
Greenwood, NY median home values land near $150K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
You know 14839 now. You don’t know where it ranks.
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