New York — Rental Investment Markets
All New York metros ranked by cap rate. Median cap rate: 3.8%, median home price: $290,388.
Median Cap Rate
3.8%
Median Home Price
$290,388
Median Rent
$1,647/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Elmira, NY | 8.9% | +$255/mo | $133,459 | $1,470/mo | 🟢 STRONG |
| 2 | Lake Peekskill, NY | 8.8% | +$829/mo | $418,397 | $4,450/mo | 🟢 STRONG |
| 3 | Niagara Falls, NY | 7.9% | +$146/mo | $130,465 | $1,235/mo | 🟢 GOOD |
| 4 | Van Etten, NY | 7.6% | +$178/mo | $173,092 | $1,640/mo | 🟢 GOOD |
| 5 | Berkshire, NY | 7.5% | +$169/mo | $182,954 | $1,710/mo | 🟢 GOOD |
| 6 | Lockwood, NY | 7.5% | +$170/mo | $177,980 | $1,670/mo | 🟢 GOOD |
| 7 | Willseyville, NY | 7.2% | +$134/mo | $188,177 | $1,710/mo | 🟢 GOOD |
| 8 | Waverly, NY | 6.9% | +$74/mo | $160,641 | $1,410/mo | 🟢 GOOD |
| 9 | Whitehall, NY | 6.6% | +$24/mo | $192,252 | $1,610/mo | 🟢 GOOD |
| 10 | Carthage, NY | 6.5% | +$13/mo | $186,099 | $1,545/mo | 🟢 GOOD |
| 11 | Sandy Creek, NY | 6.3% | -$15/mo | $183,570 | $1,490/mo | 🟢 GOOD |
| 12 | Lacona, NY | 6.3% | -$7/mo | $182,324 | $1,490/mo | 🟢 GOOD |
| 13 | Spencer, NY | 6.3% | -$15/mo | $210,272 | $1,710/mo | 🟢 GOOD |
| 14 | Binghamton, NY | 6.1% | -$41/mo | $184,747 | $1,470/mo | 🟢 GOOD |
| 15 | Brooktondale, NY | 6.0% | -$80/mo | $268,616 | $2,110/mo | 🟢 GOOD |
| 16 | Medina, NY | 5.9% | -$71/mo | $178,456 | $1,380/mo | 🟡 MODERATE |
| 17 | Manchester, NY | 5.3% | -$220/mo | $222,465 | $1,560/mo | 🟡 MODERATE |
| 18 | Mannsville, NY | 5.2% | -$220/mo | $214,016 | $1,490/mo | 🟡 MODERATE |
| 19 | Cleveland, NY | 5.2% | -$239/mo | $242,298 | $1,700/mo | 🟡 MODERATE |
| 20 | Rochester, NY | 5.1% | -$286/mo | $237,716 | $1,570/mo | 🟡 MODERATE |
| 21 | Lyndonville, NY | 5.0% | -$234/mo | $209,889 | $1,440/mo | 🟡 MODERATE |
| 22 | Newfield, NY | 4.8% | -$333/mo | $259,921 | $1,730/mo | 🟡 MODERATE |
| 23 | Stanley, NY | 4.7% | -$351/mo | $255,245 | $1,670/mo | 🟡 MODERATE |
| 24 | Hoosick Falls, NY | 4.7% | -$309/mo | $221,137 | $1,440/mo | 🟡 MODERATE |
| 25 | Brewster, NY | 4.7% | -$723/mo | $518,604 | $3,380/mo | 🟡 MODERATE |
| 26 | Geneva, NY | 4.6% | -$329/mo | $222,826 | $1,430/mo | 🟡 MODERATE |
| 27 | Camden, NY | 4.6% | -$283/mo | $192,942 | $1,240/mo | 🟡 MODERATE |
| 28 | Madison, NY | 4.5% | -$330/mo | $205,892 | $1,290/mo | 🟡 MODERATE |
| 29 | Munnsville, NY | 4.5% | -$315/mo | $204,904 | $1,300/mo | 🟡 MODERATE |
| 30 | West Winfield, NY | 4.3% | -$363/mo | $204,713 | $1,240/mo | 🟡 MODERATE |
| 31 | Oriskany Falls, NY | 4.3% | -$358/mo | $204,031 | $1,240/mo | 🟡 MODERATE |
| 32 | Oneida, NY | 4.2% | -$379/mo | $207,073 | $1,240/mo | 🟡 MODERATE |
| 33 | Watertown, NY | 4.2% | -$894/mo | $327,946 | $1,605/mo | 🟡 MODERATE |
| 34 | Middleport, NY | 4.2% | -$396/mo | $216,906 | $1,300/mo | 🟡 MODERATE |
| 35 | Schuylerville, NY | 4.2% | -$536/mo | $265,720 | $1,530/mo | 🟡 MODERATE |
| 36 | Syracuse, NY | 4.1% | -$471/mo | $230,466 | $1,370/mo | 🟡 MODERATE |
| 37 | Middletown, NY | 4.1% | -$822/mo | $417,664 | $2,430/mo | 🟡 MODERATE |
| 38 | Fishkill, NY | 4.1% | -$897/mo | $471,342 | $2,780/mo | 🟡 MODERATE |
| 39 | Canastota, NY | 4.1% | -$417/mo | $221,325 | $1,310/mo | 🟡 MODERATE |
| 40 | Albany, NY | 4.1% | -$578/mo | $293,448 | $1,655/mo | 🟡 MODERATE |
| 41 | Utica, NY | 4.0% | -$400/mo | $205,350 | $1,200/mo | 🟡 MODERATE |
| 42 | Fort Edward, NY | 4.0% | -$538/mo | $273,278 | $1,590/mo | 🟡 MODERATE |
| 43 | Buffalo, NY | 4.0% | -$448/mo | $254,320 | $1,360/mo | 🟡 MODERATE |
| 44 | Sterling, NY | 4.0% | -$439/mo | $223,287 | $1,300/mo | 🟡 MODERATE |
| 45 | Walden, NY | 3.9% | -$852/mo | $414,786 | $2,370/mo | 🔴 WEAK |
| 46 | Chaffee, NY | 3.8% | -$553/mo | $251,226 | $1,390/mo | 🔴 WEAK |
| 47 | Waterville, NY | 3.8% | -$468/mo | $220,261 | $1,240/mo | 🔴 WEAK |
| 48 | Barker, NY | 3.8% | -$504/mo | $233,028 | $1,300/mo | 🔴 WEAK |
| 49 | Troy, NY | 3.8% | -$560/mo | $258,266 | $1,440/mo | 🔴 WEAK |
| 50 | Pine Bush, NY | 3.8% | -$932/mo | $437,663 | $2,460/mo | 🔴 WEAK |
| 51 | Pawling, NY | 3.7% | -$1,108/mo | $502,623 | $2,780/mo | 🔴 WEAK |
| 52 | Liverpool, NY | 3.7% | -$627/mo | $281,575 | $1,550/mo | 🔴 WEAK |
| 53 | Eagle Bridge, NY | 3.7% | -$587/mo | $262,344 | $1,440/mo | 🔴 WEAK |
| 54 | Highland, NY | 3.7% | -$1,098/mo | $480,651 | $2,610/mo | 🔴 WEAK |
| 55 | Mahopac, NY | 3.6% | -$1,435/mo | $615,669 | $3,310/mo | 🔴 WEAK |
| 56 | Kingston, NY | 3.6% | -$1,006/mo | $426,764 | $2,280/mo | 🔴 WEAK |
| 57 | Poughkeepsie, NY | 3.6% | -$954/mo | $411,676 | $2,220/mo | 🔴 WEAK |
| 58 | Buskirk, NY | 3.6% | -$656/mo | $284,707 | $1,540/mo | 🔴 WEAK |
| 59 | Holmes, NY | 3.5% | -$1,243/mo | $522,696 | $2,780/mo | 🔴 WEAK |
| 60 | Newburgh, NY | 3.5% | -$964/mo | $394,903 | $2,070/mo | 🔴 WEAK |
| 61 | Schenectady, NY | 3.4% | -$722/mo | $287,328 | $1,520/mo | 🔴 WEAK |
| 62 | Remsen, NY | 3.4% | -$655/mo | $261,539 | $1,350/mo | 🔴 WEAK |
| 63 | Valley Falls, NY | 3.2% | -$843/mo | $312,422 | $1,540/mo | 🔴 WEAK |
| 64 | Cortlandt Manor, NY | 3.2% | -$1,762/mo | $656,935 | $3,250/mo | 🔴 WEAK |
| 65 | Shrub Oak, NY | 3.2% | -$1,613/mo | $599,509 | $2,960/mo | 🔴 WEAK |
| 66 | Stormville, NY | 3.2% | -$1,473/mo | $556,789 | $2,780/mo | 🔴 WEAK |
| 67 | Mount Vernon, NY | 3.2% | -$1,511/mo | $562,553 | $2,740/mo | 🔴 WEAK |
| 68 | South Glens Falls, NY | 3.1% | -$838/mo | $306,885 | $1,500/mo | 🔴 WEAK |
| 69 | Hadley, NY | 3.0% | -$870/mo | $304,323 | $1,440/mo | 🔴 WEAK |
| 70 | Hopewell Junction, NY | 3.0% | -$1,600/mo | $575,690 | $2,780/mo | 🔴 WEAK |
| 71 | Stephentown, NY | 3.0% | -$879/mo | $311,168 | $1,485/mo | 🔴 WEAK |
| 72 | Johnsonville, NY | 3.0% | -$893/mo | $317,402 | $1,520/mo | 🔴 WEAK |
| 73 | Rushville, NY | 2.9% | -$1,057/mo | $361,302 | $1,680/mo | 🔴 WEAK |
| 74 | Naples, NY | 2.9% | -$791/mo | $275,503 | $1,300/mo | 🔴 WEAK |
| 75 | Elmont, NY | 2.8% | -$2,179/mo | $724,813 | $3,300/mo | 🔴 WEAK |
| 76 | Marlboro, NY | 2.6% | -$1,458/mo | $457,316 | $1,980/mo | 🔴 WEAK |
| 77 | New York, NY | 2.6% | -$2,407/mo | $757,833 | $3,420/mo | 🔴 WEAK |
| 78 | Schaghticoke, NY | 2.5% | -$1,126/mo | $348,396 | $1,490/mo | 🔴 WEAK |
| 79 | White Plains, NY | 2.5% | -$2,533/mo | $781,735 | $3,295/mo | 🔴 WEAK |
| 80 | Wallkill, NY | 2.5% | -$1,531/mo | $471,747 | $2,010/mo | 🔴 WEAK |
| 81 | Valley Stream, NY | 2.4% | -$2,456/mo | $744,049 | $3,120/mo | 🔴 WEAK |
| 82 | Hawthorne, NY | 2.3% | -$2,854/mo | $831,786 | $3,355/mo | 🔴 WEAK |
| 83 | North Salem, NY | 2.2% | -$2,878/mo | $815,231 | $3,190/mo | 🔴 WEAK |
| 84 | Yonkers, NY | 2.1% | -$2,362/mo | $680,846 | $2,630/mo | 🔴 WEAK |
| 85 | Floral Park, NY | 2.0% | -$3,123/mo | $853,929 | $3,210/mo | 🔴 WEAK |
| 86 | New Hyde Park, NY | 2.0% | -$3,563/mo | $970,431 | $3,630/mo | 🔴 WEAK |
| 87 | New Rochelle, NY | 1.9% | -$2,883/mo | $770,954 | $2,860/mo | 🔴 POOR |
| 88 | Baldwin Place, NY | 1.6% | -$4,082/mo | $1,025,451 | $3,450/mo | 🔴 POOR |
| 89 | Queensbury, NY | 1.3% | -$5,548/mo | $1,048,334 | $1,850/mo | 🔴 POOR |
| 90 | Nassau, NY | 0.8% | -$6,115/mo | $1,304,148 | $3,020/mo | 🔴 POOR |
| 91 | Great Neck, NY | 0.8% | -$7,288/mo | $1,550,009 | $3,700/mo | 🔴 POOR |
| 92 | Old Forge, NY | 0.7% | -$2,194/mo | $459,407 | $1,100/mo | 🔴 POOR |
| 93 | Pelham, NY | 0.6% | -$6,720/mo | $1,386,476 | $3,200/mo | 🔴 POOR |
| 94 | Tuxedo Park, NY | 0.4% | -$6,289/mo | $1,271,534 | $2,780/mo | 🔴 POOR |
| 95 | Shelter Island, NY | 0.2% | -$9,668/mo | $1,863,022 | $3,520/mo | 🔴 POOR |
| 96 | Lawrence, NY | -0.2% | -$11,967/mo | $2,162,738 | $3,180/mo | 🔴 POOR |