Real Estate Investing in Prattsburgh, New York (14873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14873 (Prattsburgh, 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.
- High vacancy: 46.0% 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 Prattsburgh, NY (14873)?
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Market Analysis: 14873 Prattsburgh
Not every below-median market is a bargain. Prattsburgh's 14873 ZIP records signals that favor experienced operators who can absorb the risk $165K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $165K asset, 14873 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 14873's metrics run below Steuben County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 14873 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 14873 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Prattsburgh:
Property Strategy for 14873
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,009 | $1,260 | 5.6% | +8.2% | $81,005 |
| 3BR | $174,834 | $1,640 | 6.8% | +6.3% | $58,278 |
| 4BR | $192,747 | $2,100 | 7.8% | +6.2% | $48,187 |
Market Trends
Home Value History (with trend line)
📊 How Does 14873 Compare?
| Metric | 14873 | Prattsburgh | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $165,234 | $165,234 | N/A | $505,608 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.6% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14873 (Prattsburgh, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,234 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (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 14873
Population: 1,937
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 14873
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
Is rental property easy to operate in Prattsburgh, NY?
Prattsburgh, NY operates under NY law, which is tenant-protective overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What kind of market is Prattsburgh, NY for investors?
Prattsburgh, NY posts an investability rating of 3.0/5, with median home values near $165K and average rents around $1,134/mo. That combination puts it in the resilient tier for investor interest.
How qualified is the tenant pool in Prattsburgh, NY?
Tenant demand in Prattsburgh, NY is solid. The local workforce $1,134/mo rents across most rental classes.
How much rent can I charge in Prattsburgh, NY?
Rent in Prattsburgh, NY is around $1,134/mo. The resulting rent-to-value relationship with $165K pricing is reasonable for most investor models.
Does house hacking work in Prattsburgh, NY?
Prattsburgh, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $165K price point reasonable to enter.
You know 14873 now. You don’t know where it ranks.
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