Updated 2026 · Based on median market data for Ogdensburg, NY
The median monthly rent in Ogdensburg, NY is $1,050, translating to $12,600 in annual gross rental income per unit. The rent-to-price ratio is 0.78% — below the 1% rule but within a range where deals can work with good financing and disciplined expense management. For context, a 0.78% rent-to-price ratio means that for every $100,000 invested in property, you collect approximately $778/mo in gross rent. The gross rent multiplier of 10.7x means it takes 10.7 years of gross rent to equal the purchase price — an excellent ratio that signals strong income relative to cost.
Renters in Ogdensburg spend approximately 29% of the local median household income ($43,975) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units. The 30% affordability ceiling suggests maximum supportable rent of approximately $1,099/mo — that is $49/mo above current median rent.
The vacancy rate in Ogdensburg is 6.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Budget for one month of vacancy per year in your underwriting to be conservative. Population growth of 0% annually means demand is flat to declining — focus on properties in the strongest neighborhoods with proven occupancy.
Ogdensburg's GRM (price divided by annual rent) is 10.7x. A GRM under 12x is excellent — it means you are paying less than 12 years of gross rent for the property, suggesting strong income relative to price. Markets with GRMs this low typically attract institutional and out-of-state investors seeking yield, which can create competition for the best deals. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x. To beat Ogdensburg's median GRM, target properties where you can achieve rents above $1,050 through renovations, better marketing, or targeting underserved tenant segments — or buy at a discount to the $135,000 median price. Every point lower on GRM translates to roughly 0.5-0.8% improvement in your cap rate.
At the median rent of $1,050/mo, a single-family rental in Ogdensburg generates approximately $12,600 in gross annual income. After accounting for 6.3% vacancy ($794 lost), property taxes of $2,309, insurance (~$540), and maintenance (~$540), the estimated NOI is $8,418 per year, or $701/mo. Adding an 8% management fee ($1,008/yr) reduces investor cash flow further. Before debt service, you are looking at approximately $7,410/yr in landlord net income. Whether this is attractive depends on your total capital invested — at a $27,000 down payment, the unlevered yield on equity from NOI alone is 31.2%.
Rent growth in Ogdensburg is driven by the interplay of population growth (0%), income growth, and housing supply constraints. With 0% population growth, organic rent growth will be slower — roughly 0.5% annually, taking rents from $1,050 to $1,077 over 5 years. The affordability headroom of $49/mo between current rents and the 30% income threshold offers some room for increases, though landlords should be strategic about timing and magnitude.
The lower median income of $43,975 means your tenant base is predominantly working-class households — service industry workers, retail employees, healthcare aides. Screen carefully on income (require 3x rent minimum) and rental history. Section 8 vouchers can be a reliable income stream in this market, as the HUD fair market rent often exceeds market rent. In a smaller market of 50,000 residents, word-of-mouth and local listing platforms may be more effective than national sites for finding tenants.
Ogdensburg is a smaller market where professional PM options may be limited. Fees can run 10-12% of rent, and the quality of available managers varies widely. At $1,050/mo, management costs roughly $116/mo. Self-management makes sense if you are local, have fewer than 5 units, and the rent level justifies your time — at $1,050/mo, self-management of a small portfolio saves meaningful dollars but professional management becomes economical at 3-4 units.
Ogdensburg vs New York state average and national average across key investment metrics. Ogdensburg outperforms both benchmarks on cap rate.