Basom, NY—14013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Basom, NY
As of Oct '25, the median home price in Basom, NY is $196,000, with a year-over-year change of 0.6%. This indicates that home prices in Basom, NY are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 0.6% |
| Single Family | $196,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $199,000 | -1.0% |
4 Bed | $224,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Basom, NY
Basom, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Basom, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Basom, NY is 60. This is a increase of 11.0% 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 | $185,000 | 60.0% |
Listing Count | 5 | 62.0% |
| Listings as % of Homes | 0.3% | 62.0% |
Days on Market | 60 | 11.0% |
Demographics — Basom, NY
As of the latest ACS Survey released in 2023, Basom, NY has a population of 1,610, which has decreased by -5.6% over the past 5 years. Basom, NY is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,610 | -5.6% |
% Under 18 | 26.5% | 77.9% |
% Seniors | 18.1% | 2.8% |
% WFH | 5.1% | 75.9% |
% w/ College Degree | 28.8% | 188.0% |
As of the latest ACS Survey released in 2023, Basom, NY is a predominantly white area, with 71.5% 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 Basom, NY is hispanic, making up 1.6% of the population. Foreign-born residents account for 2.9% of the population in Basom, NY, and this percentage has increased by 190.0% 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 | 71.5% | -2.1% |
% Black | 1.1% | 22.2% |
% Hispanic | 1.6% | 23.1% |
% Asian | 1.1% | -38.9% |
% Foreign Born | 2.9% | 190.0% |
Mortgage and Risk — Basom, NY
According to HUD data as of 2023, there were 1 mortgage originations in Basom, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Basom, NY. Investor activity is high, as 100.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 100.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Basom, NY
Basom, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Basom, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $196,000 |
| Median Household Income | $73,400 |