Real Estate Investing in Rexville, New York (14877)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Steuben County • Population: 680 • Data updated: September 2026

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Should you buy in 14877 (Rexville, NY)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 31.1% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
  • Higher unemployment: 10.7% unemployment — tenant risk signal.

• 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 Rexville, NY (14877)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $163,878
Avg Monthly Rent $927
1% Rule ✗ Does Not Meet
Median Income $57,857
% Renters 24.3%

Market Analysis: 14877 Rexville

ZIP 14877 in Rexville, NY carries a robust set of headwinds. Home values near $164K and rents of $927/mo sit inside a market where underwriting has to be tight.

Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 14877 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

In the broader NY picture, 14877 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.

Resident income in 14877 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

The right play in 14877 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Rexville:

C+ Average
Buy Confidence Score: 66/100
Affordability
20/25
Appreciation
18/25
Stability
7/20
Timing
6/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.8× the median income
Value Trend
Rising (+10.5%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $927/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
☀️
WARM MARKET
Corning, NY Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
7.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Corning, NY metro data

Market Trends

Home Value History (with trend line)

$173K$152K$131K$110K$89K$68KJul 2006Jul 2016Jul 2026

📊 How Does 14877 Compare?

Metric 14877 Rexville Corning, NY New York
Home Value $163,878 $163,878 N/A $505,608
5-Year CAGR 3.9% 3.9% N/A 6.6%
Avg Rent $927 $927 N/A -
Cap Rate 4.4% 4.4% - -
💡 Why Invest in 14877? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 14877 (Rexville, NY). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
4.4%
Fair
5yr Growth
+3.9%
Moderate

📉 Market Crash Risk Index

Based on Corning, NY metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $163,878
Monthly Rent $927
Price-to-Rent 14.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 6.8%
Cap Rate 4.4%
5-Year IRR 8.3%

📈 Home Appreciation

1-Year +10.5% ▲
3-Year CAGR +3.4% ▲
5-Year CAGR +3.9% ▲
10-Year CAGR +4.8% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 4.4%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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.

Vacancy
31.1%
Elevated risk
Landlord Climate
1.0/5
Protective
Value Trend (5yr)
+3.9%
Stable
Eviction process: Slow Rent control: Unfavorable

Demographics in 14877

Population: 680

💰 Median Household Income
$57,857
This area
$57,857
State
$86,376
USA
$74,580
🏠 Renter Occupied
24.3%
This area
24.3%
State
26.4%
USA
34.0%
💼 Unemployment Rate
10.7%
This area
10.7%
State
-24.2%
USA
3.7%
🎓 College Educated
16.3%
This area
16.3%
State
4.2%
USA
33.7%
👤 Median Age
37.8 years
This area
37.8 years
State
7.4 years
USA
38.9 years
🏚️ Vacancy Rate
31.1%
This area
31.1%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 96.1%
Asian 3.2%
Other/Mixed 0.7%
Hispanic/Latino 0.1%
👶 Under 18
18.3%
This area
18.3%
USA
22.0%
👴 65 and Over
16.2%
This area
16.2%
USA
17.3%
📊 Poverty Rate
11.8%
This area
11.8%
USA
11.5%

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

2 Nearby 146 Off-Campus Students
C+
Alfred University
1,843 students · 14.3 mi
C+
SUNY College of Technology at Alfred
3,749 students · 14.5 mi

Frequently Asked Questions

What are rental rates like in Rexville, NY?

Rexville, NY rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $164K acquisition costs.

How qualified is the tenant pool in Rexville, NY?

Working renters make up the core of the Rexville, NY tenant base. The pool is reasonable for investors targeting long-term holds.

Are homes affordable in Rexville, NY?

Typical homes in Rexville, NY go for around $164K. The 5-year CAGR of 0.0% even-keeled price movement.

Is Rexville in NY worth investing in?

Rexville, NY rates 3.0/5 for investability. With median values at $164K and rents near $927/mo, the market offers reasonable fundamentals for rental investors.

Is Rexville, NY landlord-friendly?

The landlord environment in Rexville, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

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How 14877 ranks in Corning, NY

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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