Real Estate Investing in Newfield, New York (14867)
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Should you buy in 14867 (Newfield, 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.
- 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 Newfield, NY (14867)?
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Market Analysis: 14867 Newfield
This part of Tompkins County is not an easy win. The 14867 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $270K asset, 14867 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 14867 offers a low basis, the region around Newfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 14867 ZIP's population of 5,188 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. sturdy returns are possible in 14867, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Newfield:
Property Strategy for 14867
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,040 | $1,540 | 4.9% | +7.7% | $113,520 |
| 3BR | $270,523 | $1,850 | 4.9% | +8.0% | $90,174 |
| 4BR | $319,530 | $2,200 | 5.0% | +8.6% | $79,882 |
Market Trends
Home Value History (with trend line)
📊 How Does 14867 Compare?
| Metric | 14867 | Newfield | Ithaca, NY | New York |
|---|---|---|---|---|
| Home Value | $270,090 | $270,090 | N/A | $505,608 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.6% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14867 (Newfield, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,090 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (4.0%). 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 14867
Population: 5,188
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 14867
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 type of investing works in Newfield, NY?
In Newfield, NY the robust play is typically careful cash-flow rentals with hands-on management. The combination of $270K prices and $1,386/mo rents suits that approach.
Is the tenant base reliable in Newfield, NY?
Newfield, NY offers a even-keeled renter base at the $1,386/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much is rent in Newfield, NY?
Average rent in Newfield, NY is approximately $1,386/mo per month. Against $270K home values that yields a reasonable rent-to-price ratio.
Should investors worry about vacancy in Newfield, NY?
Newfield, NY carries elevated vacancy risk. Expect measured absorption at market rents of $1,386/mo.
Is Newfield, NY suited for a house hack?
House hacking works a challenging in Newfield, NY. Rents of $1,386/mo against $270K acquisition make the strategy solid for owner-occupants.
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