Real Estate Investing in Hornell, New York (14843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14843 (Hornell, 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: 13.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Hornell, NY (14843)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 14843 Hornell
Investors eyeing 14843 need to respect the fundamentals at play. Home values of $122K come alongside slower price movement and elevated management overhead.
Rent of $1,158/mo on a $122K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 14843 sits below the stated 0.0% once reality is priced in.
Regionally, 14843 sits on the difficult end of the NY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
From a cash-flow lens, 12,452 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 14843 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 Hornell:
Property Strategy for 14843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $96,888 | $970 | 7.2% | +5.5% | $48,444 |
| 3BR | $114,545 | $1,270 | 8.0% | +4.6% | $38,182 |
| 4BR | $125,267 | $1,630 | 9.4% | +4.2% | $31,317 |
| 5BR | $145,935 | — | — | +3.5% | $29,187 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 14843 Compare?
| Metric | 14843 | Hornell | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $122,008 | $122,008 | N/A | $505,608 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 6.6% |
| Avg Rent | $1,158 | $1,158 | N/A | - |
| Cap Rate | 7.4% | 7.4% | - | - |
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 14843 (Hornell, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 14843 (Hornell, NY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $122,008 |
| Monthly Rent | $1,158 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 14843
Population: 12,452
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 14843
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 are home prices like in Hornell, NY?
Homes in Hornell, NY typically sell near $122K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Which investment style suits Hornell, NY?
In Hornell, NY the solid play is typically careful cash-flow rentals with hands-on management. The combination of $122K prices and $1,158/mo rents suits that approach.
How landlord-friendly is Hornell, NY?
NY ranks as a tenant-protective state for landlord-tenant law. Hornell generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in Hornell, NY?
House hacking in Hornell, NY is a challenging. With home values around $122K and rents at $1,158/mo, owner-occupants can offset a meaningful share of PITI.
Is real estate in Hornell, NY a good investment right now?
Investors tracking Hornell, NY will find a 3.0/5 rating supported by $122K median home values and $1,158/mo rents. That profile suits long-term holders targeting measured returns.
You know 14843 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 14843 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 14843 ranks in Corning, NY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 14843 (Hornell)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 14843 (Hornell, NY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.