New Hartford, NY—13413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hartford, NY
As of Oct '25, the median home price in New Hartford, NY is $298,000, with a year-over-year change of 6.5%. This indicates that home prices in New Hartford, NY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 6.5% |
| Single Family | $298,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 7.8% |
3 Bed | $265,000 | 7.3% |
4 Bed | $391,000 | 6.0% |
| 5 Bed | $494,000 | 5.1% |
% of Housing Stock
Rental Trends — New Hartford, NY
As of July '25, Rentcast reports the average rent in New Hartford, NY is $2,130, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in New Hartford, NY is 1-bedrooms: $1,660, 2-bedrooms: $1,660, 3-bedrooms: $2,300, 4-bedrooms: $3,750. The most common rental property sizes in New Hartford, NY are 2-bedroom and 1-bedroom, accounting for 58.2% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $1,660 |
| 2 Bed Rent | $2,000 | $1,660 |
| 3 Bed Rent | $1,900 | $2,300 |
| 4 Bed Rent | $3,750 | $3,750 |
% of Rental Stock
Property Listings — New Hartford, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hartford, NY is 42. This is a increase of 10.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $384,000 | 11.0% |
Listing Count | 55 | -7.0% |
| Listings as % of Homes | 0.4% | -7.0% |
Days on Market | 42 | 10.0% |
Demographics — New Hartford, NY
As of the latest ACS Survey released in 2023, New Hartford, NY has a population of 16,900, which has increased by 3.4% over the past 5 years. New Hartford, NY is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 48.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 3.4% |
% Under 18 | 20.2% | 18.8% |
% Seniors | 26.3% | 4.4% |
% WFH | 13.0% | 271.4% |
% w/ College Degree | 48.7% | 12.7% |
As of the latest ACS Survey released in 2023, New Hartford, NY is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in New Hartford, NY is asian, making up 4.3% of the population. Foreign-born residents account for 10.6% of the population in New Hartford, NY, and this percentage has increased by 51.4% 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 | 88.3% | -2.1% |
% Black | 1.0% | -54.5% |
% Hispanic | 3.2% | 28.0% |
% Asian | 4.3% | 34.4% |
% Foreign Born | 10.6% | 51.4% |
Mortgage and Risk — New Hartford, NY
According to HUD data as of 2023, there were 289 mortgage originations in New Hartford, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in New Hartford, NY. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 289 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — New Hartford, NY
As of 2024, the percent of homes in New Hartford, NY under the Section 8 program is 9.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In New Hartford, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 166 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,650 | $1,150 |
| 2 Bedroom | -$560 | $2,000 | $1,440 |
| 3 Bedroom | -$170 | $1,900 | $1,730 |
| 4 Bedroom | -$1,700 | $3,750 | $2,050 |
Affordability — New Hartford, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $298,000 |
| Median Household Income | $91,900 |