Real Estate Investing in Lansing, New York (14882)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 14882 (Lansing, 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 Lansing, NY (14882)?
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Market Analysis: 14882 Lansing
ZIP 14882 inside Tompkins County looks affordable on the surface — median value of $370K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 14882 is impressive only for operators who understand what they are buying. A $370K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NY picture, 14882 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 14882 includes headwinds that any investor should price in. Income distribution skews lower than Lansing averages, and tenant stability requires active management.
New investors are better served looking at Lansing's stable or hybrid ZIPs before stepping into 14882. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lansing:
Property Strategy for 14882
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,749 | $1,740 | 4.2% | +8.2% | $149,874 |
| 3BR | $337,904 | $2,090 | 4.5% | +8.1% | $112,635 |
| 4BR | $440,758 | $2,600 | 4.2% | +8.0% | $110,190 |
Market Trends
Home Value History (with trend line)
📊 How Does 14882 Compare?
| Metric | 14882 | Lansing | Ithaca, NY | New York |
|---|---|---|---|---|
| Home Value | $369,805 | $369,805 | N/A | $505,608 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $1,566 | $1,566 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 14882 (Lansing, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $369,805 |
| Monthly Rent | $1,566 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.3%). 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 14882
Population: 4,193
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 14882
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 is the average monthly rent in Lansing, NY?
Rents in Lansing, NY run near $1,566/mo. Compared with median home prices of $370K that produces solid gross yields for typical rentals.
Does Lansing, NY favor landlords or tenants?
Landlord-friendliness in Lansing, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of vacancy should I budget for in Lansing, NY?
Vacancy in Lansing, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,566/mo.
Is house hacking profitable in Lansing, NY?
Lansing, NY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,566/mo rent level.
What type of investing works in Lansing, NY?
The best-fit strategy in Lansing, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 14882 now. You don’t know where it ranks.
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