Real Estate Investing in Savona, New York (14879)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14879 (Savona, 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: 17.1% 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 Savona, NY (14879)?
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Market Analysis: 14879 Savona
The 14879 ZIP in Savona, NY is a local-operator market. Outside capital chasing a $165K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $165K purchase price, 0.0% nominal cap — the work to hit that pro forma in 14879 is substantial and deserves full respect.
ZIP 14879'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.
Who lives in 14879 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 14879 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Savona:
Property Strategy for 14879
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,688 | $1,050 | 5.4% | +6.0% | $70,344 |
| 3BR | $165,807 | $1,370 | 5.9% | +4.9% | $55,269 |
| 4BR | $156,412 | $1,750 | 8.1% | +6.0% | $39,103 |
Market Trends
Home Value History (with trend line)
📊 How Does 14879 Compare?
| Metric | 14879 | Savona | Corning, NY | New York |
|---|---|---|---|---|
| Home Value | $164,555 | $164,555 | N/A | $505,608 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.6% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 14879 (Savona, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,555 |
| Monthly Rent | $945 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (4.5%). 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 14879
Population: 2,345
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 14879
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.
Frequently Asked Questions
How strong are rents in Savona, NY?
Rent in Savona, NY is around $945/mo. The resulting rent-to-value relationship with $165K pricing is reasonable for most investor models.
Do rentals sit vacant long in Savona, NY?
Occupancy in Savona, NY runs reliable with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
Is Savona, NY a good place for real estate investing?
With a 3.0/5 investability score, Savona, NY ranks as a solid market for rental property investors. Median prices of $165K and rents of $945/mo drive the underlying numbers.
Does house hacking work in Savona, NY?
For house hackers, Savona, NY is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $165K property.
What are home prices like in Savona, NY?
Homes in Savona, NY typically sell near $165K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
You know 14879 now. You don’t know where it ranks.
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How 14879 ranks in Corning, NY
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