Penn Yan, NY
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Penn Yan short-term rental market based on reliable data.
Listings
108 / 349
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$35,286
Middle-Earners Revenue
Occupancy
47%
Middle-Earners Occupancy
Home Value
$315,323
Median Home Sale Price
Top Earners
$68,901
Top-Earners Revenue
Penn Yan
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Penn Yan.
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Challenging to Investors
Penn Yan Regulations
STRs are allowed citywide as a conditional special use but require two costly, multi‑step approvals (STR permit and special use permit), SEQR environmental review, site plan and floor plans, and mandatory inspections plus annual renewals; fees are tiered up to $2,500 for non‑residents with only modest renewal fees; a local 24/7 manager, strict occupancy/parking limits, detailed advertising/operational rules, and ongoing fire/maintenance inspections create meaningful compliance burden, while the village appears supportive but rigorous, pushing risk into the higher‑end of challenging.
Local STR Agent
STR specialist · Penn Yan, NY
About Penn Yan
Penn Yan is an incorporated village and the county seat of Yates County, New York, United States. The population was 5,159 at the 2010 census. It lies at the north end of the east branch of Keuka Lake, one of the Finger Lakes. Penn Yan, New York is home to one of the oldest mills in the United States, The Birkett Mills, founded in 1797. The Village of Penn Yan is primarily in the Town of Milo, but a small section is in the Town of Benton. A smaller section is in the Town of Jerusalem. The Penn Yan Airport is south of the village. The name "Penn Yan" is a syllabic abbreviation of "Pennsylvania Yankee". It houses the Penn Yan Central School District.