Berkshire, NY — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Berkshire, NY offers a 7.5% cap rate with median home prices of $182,954 and 3-bedroom rents of $1,710/month.
Berkshire offers solid returns for rental investors. At $182,954 median home price, Berkshire is affordable by national standards and within reach for most conventional loans. With 3-bedroom rents around $1,710/month, the 7.5% cap rate tells the story. Expect around +$169/month cash flow after mortgage, taxes, insurance, and reserves.
The 1% rule comes in at 0.93% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.17 is tight — you'll pass most lender minimums but with little margin for error.
Bottom line: Buy here if you want reliable monthly income. Berkshire is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
7.5%
Above average
Monthly Cash Flow
+$169
After all expenses
Price-to-Rent
8.9
Investor-friendly
DSCR
1.17
Tight
Key Metrics
- Median Home Price
- $182,954
- Average Rent (3BR)
- $1,710/mo
- Price-to-Rent Ratio
- 8.9(good)
- 1% Rule
- 0.93%(fails — need 1%+)
- Cash-on-Cash Return
- 4.8%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4.6%(+0.3% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.15% YoY
Property Tax Rate
1.62%
of assessed value (NY avg)
Median Income
$74,314
household (NY avg)
Rent-to-Income
27.6%
Affordable
Section 8 Max Rent
$1,710/mo
3BR voucher payment
NY Investor Climate
Landlord Friendly
3/10
State Income Tax
Has state tax
Property Tax
1.62% effective
Population Trend
-1.15% (3yr)