Ilion, NY 13357 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ilion, NY—13357

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$147,000

5.4% YoY Growth

Household Income

$62,500

25.4% YoY Growth

Days on Market

106

122.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

$1,180

14.8% YoY Growth

1-Bed Rent

$850

N/A

2-Bed Rent

$1,180

2.4% YoY Growth

3-Bed Rent

$1,350

7.1% YoY Growth

Home Price Trends — Ilion, NY

As of Dec '25, the median home price in Ilion, NY is $147,000, with a year-over-year change of 5.4%. This indicates that home prices in Ilion, 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	$147,000	5.4%
Single Family	$147,000	5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ilion, NY

As of July '25, Rentcast reports the average rent in Ilion, NY is $1,150, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Ilion, NY is 1-bedrooms: $850, 2-bedrooms: $1,200, 3-bedrooms: $1,350. The most common rental property sizes in Ilion, NY are 1-bedroom and 3-bedroom, accounting for 37.2% and 24.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,180	$1,150
Studio Rent	N/A	N/A
1 Bed Rent	$850	$850
2 Bed Rent	$1,180	$1,200
3 Bed Rent	$1,350	$1,350
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

9.3%

1 Bedroom

37.2%

2 Bedrooms

20.5%

3 Bedrooms

24.9%

4 Bedrooms

8.0%

Property Listings — Ilion, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Ilion, NY is 87. This is a increase of 95.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$150,000	14.0%
Listing Count	39	26.0%
Listings as % of Homes	0.7%	26.0%
Days on Market	106	122.0%

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Demographics — Ilion, NY

As of the latest ACS Survey released in 2023, Ilion, NY has a population of 10,100, which has decreased by -7.2% over the past 5 years. Ilion, NY is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,100	-7.2%
% Under 18	22.7%	-4.6%
% Seniors	23.6%	26.2%
% WFH	5.5%	61.8%
% w/ College Degree	21.7%	-4.0%

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As of the latest ACS Survey released in 2023, Ilion, NY is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Ilion, NY is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.2% of the population in Ilion, NY, and this percentage has increased by 33.3% 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	89.6%	-2.7%
% Black	0.6%	-76.0%
% Hispanic	4.3%	19.4%
% Asian	0.3%	-72.7%
% Foreign Born	1.2%	33.3%

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Mortgage and Risk — Ilion, NY

According to HUD data as of 2023, there were 120 mortgage originations in Ilion, NY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Ilion, NY. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	120
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Ilion, NY

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

Section 8 Market Size

Total Units under HUD	478
Total Units Section 8	472
% Rentals under Section 8	34.1%
% Occupied Section 8	89.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$850	$830
2 Bedroom	-$140	$1,180	$1,040
3 Bedroom	-$100	$1,350	$1,250
4 Bedroom	N/A	N/A	$1,480

Ilion, NY—13357

Key Metrics at a Glance

Home Price Trends — Ilion, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ilion, NY

% of Rental Stock

Property Listings — Ilion, NY

Demographics — Ilion, NY

Race and Ethnicity

Mortgage and Risk — Ilion, NY

Mortgages

Rentals and Section 8 — Ilion, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ilion, NY

Home Price to Income Ratio

Ilion, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Frankfort, NY

Clayville, NY

Herkimer, NY

Mohawk, NY

Richfield Springs, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$147,000
Median Household Income	$62,500

Ilion, NY—13357

Key Metrics at a Glance

Home Price Trends — Ilion, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ilion, NY

% of Rental Stock

Property Listings — Ilion, NY

Demographics — Ilion, NY

Race and Ethnicity

Mortgage and Risk — Ilion, NY

Mortgages

Rentals and Section 8 — Ilion, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Ilion, NY

Home Price to Income Ratio

Ilion, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Frankfort, NY

Clayville, NY

Herkimer, NY

Mohawk, NY

Richfield Springs, NY

Frequently Asked Questions

What is the average home price in Ilion, NY 13357?

How have home prices in Ilion, NY 13357 changed over the past year?

What is the home price projection for Ilion, NY 13357?

What are the demographics of Ilion, NY 13357?

How long does it take homes to sell in Ilion, NY 13357?

What is the average rent price in Ilion, NY 13357?