Real Estate Investing in Lockwood, New York (14859)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14859 (Lockwood, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- 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 Lockwood, NY (14859)?
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Market Analysis: 14859 Lockwood
Investors eyeing 14859 need to respect the fundamentals at play. Home values of $191K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 14859 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NY, ZIP 14859 trails on several market indicators that neighboring Tioga County submarkets outperform. The gap is real and substantial enough to shape underwriting.
A impressive renter share of 16% in 14859 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Lockwood's stable or hybrid ZIPs before stepping into 14859. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lockwood:
Market Trends
Home Value History (with trend line)
📊 How Does 14859 Compare?
| Metric | 14859 | Lockwood | Binghamton, NY | New York |
|---|---|---|---|---|
| Home Value | $190,819 | $190,819 | N/A | $505,608 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.6% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14859 (Lockwood, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,819 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (5.1%). 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 14859
Population: 1,100
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
How much do tenants pay in Lockwood, NY?
Expect rents around $1,251/mo per month in Lockwood, NY. With home values at $191K, the yield math works out to reasonable levels for rental investors.
Should investors worry about vacancy in Lockwood, NY?
Lockwood, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
How strong is Lockwood, NY for real estate investors?
Lockwood, NY rates 3.0/5 for investability. With median values at $191K and rents near $1,251/mo, the market offers reasonable fundamentals for rental investors.
Is house hacking profitable in Lockwood, NY?
House hacking in Lockwood, NY is reasonable to execute. Prices around $191K and rents of $1,251/mo solid owner-occupant economics.
How landlord-friendly is Lockwood, NY?
The landlord environment in Lockwood, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 14859 now. You don’t know where it ranks.
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How 14859 ranks in Binghamton, NY
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