Mexico, NY—13114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mexico, NY
As of Oct '25, the median home price in Mexico, NY is $214,000, with a year-over-year change of 2.7%. This indicates that home prices in Mexico, NY are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $214,000 | 2.7% |
| Single Family | $214,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | 1.1% |
3 Bed | $219,000 | 1.9% |
4 Bed | $252,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mexico, NY
As of July '25, Rentcast reports the average rent in Mexico, NY is $1,040, with a year-over-year rent change of -13.3%. Per bedroom, the median rent as of July '25 in Mexico, NY is 1-bedrooms: $800, 2-bedrooms: $1,300, 3-bedrooms: $1,250. The most common rental property sizes in Mexico, NY are 2-bedroom and 1-bedroom, accounting for 47.2% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mexico, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mexico, NY is 71. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $278,000 | 1.0% |
Listing Count | 22 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 71 | 23.0% |
Demographics — Mexico, NY
As of the latest ACS Survey released in 2023, Mexico, NY has a population of 7,310, which has increased by 19.5% over the past 5 years. Mexico, NY is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,310 | 19.5% |
% Under 18 | 21.7% | -6.1% |
% Seniors | 19.4% | 37.6% |
% WFH | 4.1% | 78.3% |
% w/ College Degree | 18.1% | -12.6% |
As of the latest ACS Survey released in 2023, Mexico, NY is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Mexico, NY is hispanic, making up 1.0% of the population. Foreign-born residents account for 2.0% of the population in Mexico, NY, and this percentage has increased by 42.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | 0.8% |
% Black | 0.2% | -75.0% |
% Hispanic | 1.0% | 66.7% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 2.0% | 42.9% |
Mortgage and Risk — Mexico, NY
According to HUD data as of 2023, there were 162 mortgage originations in Mexico, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Mexico, NY. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Mexico, NY
Mexico, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $800 | $860 |
| 2 Bedroom | -$240 | $1,300 | $1,060 |
| 3 Bedroom | $50 | $1,250 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Mexico, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $214,000 |
| Median Household Income | $73,300 |