Commercial real estate lending in Wyoming County, NY
Wyoming County is home to 39,980 residents with a median household income of $68,913 and a 1.4% population decline over five years. Commercial deals here are underwritten to New York's typical standards — around 1.25x DSCR and 75% maximum LTV on stabilized assets — with pricing shaped by the county fundamentals below.
Market character
Dairy farming runs deep in Wyoming County — rolling farmland here ranks among New York's most productive for milk production — with Warsaw and Perry carrying a modest county-seat retail base. Wind-energy leasing has become a meaningful land-income source alongside traditional farming, and commercial lending outside agriculture stays thin and concentrated along a few main-street corridors.
Wyoming County by the numbers
| Population | 39,980 |
| 5-year population change | -1.4% |
| Median household income | $68,913 |
| Median age | 43.1 |
| Median home value | $154,700 |
| Median gross rent | $782/mo |
| Housing units | 18,204 |
| Renter-occupied share | 23% |
Source: U.S. Census Bureau, ACS 5-year estimates (2023).
Underwriting a Wyoming County deal
A Wyoming County property clears the same four constraints as any New York deal — 1.25x minimum DSCR and 75% maximum LTV on stabilized assets, an 8% debt-yield floor, and loan-to-cost caps on construction — with benchmark cap rates for NY spanning roughly 5.0% (multifamily) to 7.0% (hotel). The full state-by-asset-class table lives on the benchmarks page; run Wyoming County numbers through the loan sizer to see which constraint binds.
New York closing costs to budget
Financing in Wyoming County carries New York's mortgage recording tax — the single largest closing cost on most deals (up to 2.8% of the loan in NYC). Refinances routinely use a CEMA to pay tax only on new money. Estimate the full stack for a Wyoming County deal with the closing cost calculator or read the recording tax guide.
Financing a property in Wyoming County?
Relendi analyzes your deal against real underwriting criteria — DSCR, LTV, debt yield, and market benchmarks — in minutes.
Analyze my deal freeFrequently asked questions
What DSCR do lenders require in Wyoming County?
In Wyoming County — a market of 39,980 residents where median gross rent runs $782 a month — lenders apply New York's usual floors: typically 1.25x DSCR stabilized, 1.20x on acquisitions, 1.10x on bridge or construction. The county changes which lenders compete for the deal more than it changes the ratio.
What are typical commercial cap rates in Wyoming County?
Statewide New York benchmarks run roughly 5.0% for multifamily up to 7.0% for hotels; where Wyoming County deals price inside those bands depends on submarket, asset quality, and tenancy — in a county whose median home value is $154,700, residential-adjacent product tends to price toward the wider end. Individual comps set real pricing.