Ogdensburg is one of the most affordable markets in the country in the Northeast with a small but investable metro of 50,000. At a 6.24% estimated cap rate, this is a solid market where rents of $1,050/mo lag behind home prices. With a median home price of $135,000 and the population has been declining, which investors should factor into long-term projections, Ogdensburg stands out as a market worth serious analysis for rental investors.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
Ogdensburg's 0.8% rent-to-price ratio is well below the 1% rule. At median prices of $135,000, the $1,050/mo rent produces only $701/mo in NOI. Investors here need to target below-median properties or pursue value-add strategies to make the numbers work.
At current rates, a 20% down conventional loan ($27K at 7%) would result in approximately $-17/mo cash flow — negative at median prices. Larger down payments, seller financing, or buying 15–25% below median are strategies to turn the numbers positive.
Property taxes consume 18% of gross rent here — one of the highest ratios in our dataset. This significantly compresses margins and makes Ogdensburg a market where tax-conscious underwriting is essential. Every deal should be stress-tested with potential assessment increases.
Pre-filled with Ogdensburg medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Ogdensburg.
Ogdensburg, NY has a population of 50,000 and has been growing at 0% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $135,000 paired with median rents of $1,050/mo produces an estimated cap rate of 6.24%.
Property taxes at 1.71% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.3% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.1x, homes cost about 3.1 times the local median income of $43,975. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.1% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Ogdensburg offers attractive fundamentals for rental investors. and cap rates above 6% put it in the upper tier of investable markets.