Real Estate Investing in Odessa, New York (14869)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14869 (Odessa, 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.
• 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 Odessa, NY (14869)?
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Market Analysis: 14869 Odessa
From an investor standpoint, ZIP 14869 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $204K median. It rewards specialists, not generalists.
The investment case in 14869 is notable only for operators who understand what they are buying. A $204K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 14869 sits on the difficult end of the NY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 32% in 14869 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 14869 is an operator game, not a passive one. On the rental side, entry prices of $204K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Odessa:
Market Trends
Home Value History (with trend line)
📊 How Does 14869 Compare?
| Metric | 14869 | Odessa | New York |
|---|---|---|---|
| Home Value | $204,035 | $204,035 | $505,608 |
| 5-Year CAGR | 5.8% | 5.8% | 6.6% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14869 (Odessa, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,035 |
| Monthly Rent | $954 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.7%). 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 14869
Population: 996
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 14869
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
How much should I expect to pay for a home in Odessa, NY?
Odessa, NY median home values land near $204K. That is reasonable territory for investors looking at $954/mo-per-month rentals.
Is the tenant base reliable in Odessa, NY?
Odessa, NY offers a measured renter base at the $954/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Odessa, NY a good investment right now?
Our data puts Odessa, NY at 3.0/5 for investability. Home prices of $204K and rents around $954/mo create a solid backdrop for investor activity.
Do rentals sit vacant long in Odessa, NY?
Occupancy in Odessa, NY runs measured with elevated vacancy. Well-priced units at $954/mo lease on reasonable timelines.
Are eviction rules reasonable in Odessa, NY?
Rental owners in Odessa, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 14869 now. You don’t know where it ranks.
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