Real Estate Investing in Himrod, New York (14842)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14842 (Himrod, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 63.5% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 36.9 — hard to cash-flow at these prices.
• 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 Himrod, NY (14842)?
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Market Analysis: 14842 Himrod
The 14842 ZIP in Himrod, NY is a local-operator market. Outside capital chasing a $422K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $422K asset, 14842 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 14842 offers a low basis, the region around Himrod has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 14842 includes headwinds that any investor should price in. Income distribution skews lower than Himrod averages, and tenant stability requires active management.
The 14842 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Himrod:
Market Trends
Home Value History (with trend line)
📊 How Does 14842 Compare?
| Metric | 14842 | Himrod | Rochester, NY | New York |
|---|---|---|---|---|
| Home Value | $422,093 | $422,093 | N/A | $505,608 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.6% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14842 (Himrod, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $422,093 |
| Monthly Rent | $954 |
| Price-to-Rent | 36.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +15.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (1.8%). 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 14842
Population: 930
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Does house hacking make sense in Himrod, NY?
The a challenging house-hack environment in Himrod, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is it easy to find good tenants in Himrod, NY?
Tenant quality in Himrod, NY ranks as solid. Landlords generally report even-keeled occupancy at market rents of $954/mo.
Is housing expensive in Himrod, NY?
Typical homes in Himrod, NY go for around $422K. The 5-year CAGR of 0.0% steady price movement.
Are eviction rules reasonable in Himrod, NY?
Himrod, NY operates under NY law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
What approach is best for Himrod, NY real estate?
For Himrod, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 14842 now. You don’t know where it ranks.
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