Herkimer, NY 13350 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Herkimer, NY—13350

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$161,000

5.7% YoY Growth

Household Income

$62,500

29.0% YoY Growth

Days on Market

26.0% Shorter YoY

Home Price Forecast

3.2%

Median Rent

$1,000

1.0% YoY Growth

1-Bed Rent

$950

16.1% YoY Growth

2-Bed Rent

$1,100

10.3% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Herkimer, NY

As of May '26, the median home price in Herkimer, NY is $161,000, with a year-over-year change of 5.7%. This indicates that home prices in Herkimer, 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	$161,000	5.7%
Single Family	$161,000	5.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Herkimer, NY

As of July '25, Rentcast reports the average rent in Herkimer, NY is $1,040, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Herkimer, NY is 1-bedrooms: $950, 2-bedrooms: $1,180. The most common rental property sizes in Herkimer, NY are 2-bedroom and 3-bedroom, accounting for 42.1% and 24.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,040
Studio Rent	N/A	N/A
1 Bed Rent	$950	$950
2 Bed Rent	$1,100	$1,180
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.6%

1 Bedroom

22.0%

2 Bedrooms

42.1%

3 Bedrooms

24.3%

4 Bedrooms

2.1%

5+ Bedrooms

0.9%

Property Listings — Herkimer, NY

As of May '26, Realtor.com reports that the median days on market for a home in Herkimer, NY is 44. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$166,000	-36.0%
Listing Count	50	17.0%
Listings as % of Homes	0.7%	17.0%
Days on Market	44	-26.0%

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Demographics — Herkimer, NY

As of the latest ACS Survey released in 2023, Herkimer, NY has a population of 9,640, which has decreased by -1.9% over the past 5 years. Herkimer, NY is a less popular place for families, as children make up 14.7% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,640	-1.9%
% Under 18	14.7%	-9.3%
% Seniors	22.2%	-3.5%
% WFH	8.8%	166.7%
% w/ College Degree	20.3%	34.4%

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As of the latest ACS Survey released in 2023, Herkimer, NY is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Herkimer, NY is black, making up 1.6% of the population. Foreign-born residents account for 4.3% of the population in Herkimer, NY, and this percentage has increased by 43.3% 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	90.3%	-2.4%
% Black	1.6%	-33.3%
% Hispanic	1.4%	-6.7%
% Asian	1.5%	87.5%
% Foreign Born	4.3%	43.3%

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Mortgage and Risk — Herkimer, NY

According to HUD data as of 2023, there were 135 mortgage originations in Herkimer, NY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Herkimer, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	135
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Herkimer, NY

Herkimer, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	381
Total Units Section 8	381
% Rentals under Section 8	21.2%
% Occupied Section 8	93.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$30	$950	$920
2 Bedroom	$50	$1,100	$1,150
3 Bedroom	N/A	N/A	$1,390
4 Bedroom	N/A	N/A	$1,640

Herkimer, NY—13350

Key Metrics at a Glance

Home Price Trends — Herkimer, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Herkimer, NY

% of Rental Stock

Property Listings — Herkimer, NY

Demographics — Herkimer, NY

Race and Ethnicity

Mortgage and Risk — Herkimer, NY

Mortgages

Rentals and Section 8 — Herkimer, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Herkimer, NY

Home Price to Income Ratio

Herkimer, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Mohawk, NY

Middleville, NY

Frankfort, NY

Newport, NY

Ilion, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$161,000
Median Household Income	$62,500

Herkimer, NY—13350

Key Metrics at a Glance

Home Price Trends — Herkimer, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Herkimer, NY

% of Rental Stock

Property Listings — Herkimer, NY

Demographics — Herkimer, NY

Race and Ethnicity

Mortgage and Risk — Herkimer, NY

Mortgages

Rentals and Section 8 — Herkimer, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Herkimer, NY

Home Price to Income Ratio

Herkimer, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Mohawk, NY

Middleville, NY

Frankfort, NY

Newport, NY

Ilion, NY

Frequently Asked Questions

What is the average home price in Herkimer, NY 13350?

How have home prices in Herkimer, NY 13350 changed over the past year?

What is the home price projection for Herkimer, NY 13350?

What are the demographics of Herkimer, NY 13350?

How long does it take homes to sell in Herkimer, NY 13350?

What is the average rent price in Herkimer, NY 13350?