Real Estate Investing in Millport, New York (14864)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14864 (Millport, 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- 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 Millport, NY (14864)?
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Market Analysis: 14864 Millport
Meanwhile, ZIP 14864 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $178K median. It rewards specialists, not generalists.
The 14864 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Millport have seen price recovery that 14864 has not matched. Chemung County data supports the view that the spread is structural rather than temporary.
Who lives in 14864 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 14864 is an operator game, not a passive one. From a cash-flow lens, entry prices of $178K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Millport:
Property Strategy for 14864
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,436 | $1,530 | 7.9% | +7.1% | $69,718 |
| 3BR | $169,427 | $1,940 | 8.2% | +7.7% | $56,476 |
Market Trends
Home Value History (with trend line)
📊 How Does 14864 Compare?
| Metric | 14864 | Millport | Elmira, NY | New York |
|---|---|---|---|---|
| Home Value | $178,093 | $178,093 | N/A | $505,608 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.6% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14864 (Millport, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,093 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (6.0%). 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 14864
Population: 1,144
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
What monthly rent should investors expect in Millport, NY?
Rents in Millport, NY run near $1,377/mo. Compared with median home prices of $178K that produces solid gross yields for typical rentals.
What type of investing works in Millport, NY?
In Millport, NY the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $178K prices and $1,377/mo rents suits that approach.
Is Millport, NY a good place for real estate investing?
With a 4.0/5 investability score, Millport, NY ranks as a solid market for rental property investors. Median prices of $178K and rents of $1,377/mo drive the underlying numbers.
What is it like being a landlord in Millport, NY?
The landlord environment in Millport, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Millport, NY?
Occupancy in Millport, NY runs measured with elevated vacancy. Well-priced units at $1,377/mo lease on reasonable timelines.
You know 14864 now. You don’t know where it ranks.
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How 14864 ranks in Elmira, NY
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