Is Canandaigua, NY a good place to invest in rental property?

Canandaigua, NY has a median modeled monthly cash flow of $-1,480 and a median cap rate of 2.1%, on a median sold price of $340,000. Prices changed +7.8% year over year.

What is the average cap rate in Canandaigua, NY?

The median cap rate across recently sold homes in Canandaigua, NY is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Canandaigua, NY?

The median sold price in Canandaigua, NY is $340,000 (about $213 per square foot).

Investing in Canandaigua, NY Real Estate

A data-driven snapshot of the Canandaigua, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$340,000Median sold price

$213Median $/sqft

2.0%Median cap rate

$-1,480Modeled cash flow / mo

+7.8%Appreciation YoY

9.6Months of supply

243Active listings

303Sold (last 12 mo)

What the Canandaigua numbers say

In Canandaigua, NY, the median home sold for $340,000 (about $213 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,480 of monthly cash flow. Sold prices moved +7.8% over the past year. Inventory sits at about 9.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Canandaigua cash-flowing listings

CashFlowRE ranks every for-sale home in Canandaigua, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Canandaigua deals, or browse the national market data.