Real Estate Investing in Trumansburg, New York (14886)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14886 (Trumansburg, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Trumansburg, NY (14886)?
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Market Analysis: 14886 Trumansburg
ZIP 14886 in Trumansburg, NY carries a solid set of headwinds. Home values near $348K and rents of $1,404/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $348K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14886 is substantial and deserves full respect.
Regionally, 14886 sits on the difficult end of the NY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 14886 includes headwinds that any investor should price in. Income distribution skews lower than Trumansburg averages, and tenant stability requires active management.
Strategically, 14886 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 Trumansburg:
Property Strategy for 14886
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,981 | $1,560 | 4.3% | +7.8% | $129,991 |
| 3BR | $324,264 | $1,950 | 4.3% | +7.9% | $108,088 |
| 4BR | $412,808 | $2,280 | 4.0% | +7.8% | $103,202 |
| 5BR | $498,239 | — | — | +7.4% | $99,648 |
Market Trends
Home Value History (with trend line)
📊 How Does 14886 Compare?
| Metric | 14886 | Trumansburg | Ithaca, NY | New York |
|---|---|---|---|---|
| Home Value | $348,098 | $348,098 | N/A | $505,608 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.6% |
| Avg Rent | $1,404 | $1,404 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14886 (Trumansburg, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,098 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.2%). 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 14886
Population: 6,654
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 14886
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 is the renter demographic in Trumansburg, NY?
The renter base in Trumansburg, NY is reasonable for the $1,404/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is Trumansburg, NY a good market for buy-and-hold investors?
Trumansburg, NY scores 3.0/5 for investability. Home values sit at $348K and rents near $1,404/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Trumansburg, NY landlord-friendly?
Landlord-friendliness in Trumansburg, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does house hacking work in Trumansburg, NY?
For house hackers, Trumansburg, NY is a challenging. The $1,404/mo rent on a unit helps defray the mortgage on a $348K property.
Where do home prices stand in Trumansburg, NY?
Expect median prices around $348K in Trumansburg, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
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