Real Estate Investing in Lowman, New York (14861)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14861 (Lowman, 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: 12.7% of homes vacant — above national norms.
- 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 Lowman, NY (14861)?
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Market Analysis: 14861 Lowman
Investors eyeing 14861 need to respect the fundamentals at play. Home values of $176K come alongside slower price movement and elevated management overhead.
Rent of $1,224/mo on a $176K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 14861 sits below the stated 0.0% once reality is priced in.
Within NY, ZIP 14861 trails on several market indicators that neighboring Chemung County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The 14861 ZIP's population of 1,356 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lowman:
Property Strategy for 14861
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,705 | $1,360 | 7.7% | +5.5% | $63,852 |
| 3BR | $171,980 | $1,700 | 7.1% | +3.9% | $57,327 |
Market Trends
Home Value History (with trend line)
📊 How Does 14861 Compare?
| Metric | 14861 | Lowman | Elmira, NY | New York |
|---|---|---|---|---|
| Home Value | $175,558 | $175,558 | N/A | $505,608 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.6% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
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 14861 (Lowman, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,558 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 14861
Population: 1,356
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 14861
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DIVEN SCHOOL
FASSETT ELEMENTARY SCHOOL
THOMAS K BEECHER SCHOOL
FINN ACADEMY: AN ELMIRA CHARTER SCHOOL
ELMIRA PSYCHIATRIC CENTER
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 typical vacancy rate in Lowman, NY?
Vacancy in Lowman, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,224/mo.
What approach is best for Lowman, NY real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Lowman, NY. With home values at $176K and rents near $1,224/mo, other strategies can work but produce even-keeled rather than outsized returns.
What is the average monthly rent in Lowman, NY?
Lowman, NY rentals go for roughly $1,224/mo a month. That puts gross yield in solid territory relative to $176K acquisition costs.
What price range are homes in Lowman, NY?
Lowman, NY median home values land near $176K. That is reasonable territory for investors looking at $1,224/mo-per-month rentals.
Is Lowman, NY a smart market for rental property?
Lowman, NY rates 3.0/5 for investability. With median values at $176K and rents near $1,224/mo, the market offers reasonable fundamentals for rental investors.
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How 14861 ranks in Elmira, NY
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