Real Estate Investing in Greenwood, New York (14855)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14855 (Greenwood, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.0% 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 (14855)?
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Market Analysis: 14855 Greenwood
Investors eyeing 14855 need to respect the fundamentals at play. Home values of $159K come alongside slower price movement and elevated management overhead.
Put differently, the numbers look inviting — $159K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14855 is substantial and deserves full respect.
Looking more closely, 14855 offers a low basis, the region around Greenwood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 14855 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 14855 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 Greenwood:
Market Trends
Home Value History (with trend line)
📊 How Does 14855 Compare?
| Metric | 14855 | Greenwood | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $158,948 | $154,340 | N/A | $505,608 |
| 5-Year CAGR | 5.6% | 4.1% | N/A | 6.6% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.3% | 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 14855 (Greenwood, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $158,948 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.3%). 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 14855
Population: 890
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
Frequently Asked Questions
Is Greenwood, NY a good market for buy-and-hold investors?
Greenwood, NY scores 3.0/5 for investability. Home values sit at $159K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do home values compare in Greenwood, NY?
The median home value in Greenwood, NY is roughly $159K. That puts it reasonable relative to the NY statewide average.
Do landlords face vacancy issues in Greenwood, NY?
Occupancy in Greenwood, NY runs reliable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
Does a duplex house hack pencil in Greenwood, NY?
House hacking works a challenging in Greenwood, NY. Rents of $873/mo against $159K acquisition make the strategy solid for owner-occupants.
Are rents high in Greenwood, NY?
Average rent in Greenwood, NY is approximately $873/mo per month. Against $159K home values that yields a reasonable rent-to-price ratio.
You know 14855 now. You don’t know where it ranks.
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How 14855 ranks in Corning, NY
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