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Hamburg, NY—14075

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$338,000
6.2% YoY Growth
Household Income
$82,100
16.8% YoY Growth
Days on Market
20
17.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$1,900
13.4% YoY Growth
1-Bed Rent
$1,100
0.0% YoY Growth
2-Bed Rent
$1,910
47.5% YoY Growth
3-Bed Rent
$1,900
2.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hamburg, NY

As of May '26, the median home price in Hamburg, NY is $338,000, with a year-over-year change of 6.2%. This indicates that home prices in Hamburg, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$338,0006.2%
Single Family $338,0006.3%
Condos $310,0009.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$280,0006.9%
    3 Bed
    		$322,0006.3%
    4 Bed
    		$415,0007.2%
    5 Bed $447,2519.1%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    7.6%
    2 Bedrooms
    27.2%
    3 Bedrooms
    42.3%
    4 Bedrooms
    18.5%
    5+ Bedrooms
    3.0%

    Rental Trends — Hamburg, NY

    As of July '25, Rentcast reports the average rent in Hamburg, NY is $1,860, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Hamburg, NY is studios: $815, 1-bedrooms: $1,310, 2-bedrooms: $1,800, 3-bedrooms: $2,080, 4-bedrooms: $4,500. The most common rental property sizes in Hamburg, NY are 2-bedroom and 1-bedroom, accounting for 51.6% and 24.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,860
    Studio Rent $815$815
    1 Bed Rent $1,100$1,310
    2 Bed Rent $1,910$1,800
    3 Bed Rent $1,900$2,080
    4 Bed Rent $4,500$4,500
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    % of Rental Stock

    Studio
    3.3%
    1 Bedroom
    24.6%
    2 Bedrooms
    51.6%
    3 Bedrooms
    19.4%
    4 Bedrooms
    0.5%
    5+ Bedrooms
    0.6%

    Property Listings — Hamburg, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Hamburg, NY is 20. This is a increase of 17.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$400,0004.0%
    Listing Count
    		116-4.0%
    Listings as % of Homes0.4%-4.0%
    Days on Market
    		2017.0%
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    Demographics — Hamburg, NY

    As of the latest ACS Survey released in 2023, Hamburg, NY has a population of 44,600, which has increased by 5.0% over the past 5 years. Hamburg, NY is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		44,6005.0%
    % Under 18
    		19.6%1.0%
    % Seniors
    		23.1%11.6%
    % WFH
    		12.3%412.5%
    % w/ College Degree
    		37.9%2.7%
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    As of the latest ACS Survey released in 2023, Hamburg, NY is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Hamburg, NY is hispanic, making up 2.7% of the population. Foreign-born residents account for 2.3% of the population in Hamburg, NY, and this percentage has decreased by 25.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		91.9%-4.2%
    % Black
    		1.4%7.7%
    % Hispanic
    		2.7%80.0%
    % Asian
    		0.6%-14.3%
    % Foreign Born
    		2.3%-25.8%
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    Mortgage and Risk — Hamburg, NY

    According to HUD data as of 2023, there were 683 mortgage originations in Hamburg, NY, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Hamburg, NY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		683
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Hamburg, NY

    As of 2024, the percent of homes in Hamburg, NY under the Section 8 program is 8.5%. 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 Hamburg, 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
    		583
    Total Units Section 8
    		432
    % Rentals under Section 8
    		8.5%
    % Occupied Section 8
    		89.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$0$1,100$1,100
    2 Bedroom-$620$1,910$1,290
    3 Bedroom-$320$1,900$1,580
    4 Bedroom-$2,720$4,500$1,780

    Affordability — Hamburg, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$338,000
    Median Household Income$82,100

    Hamburg, NY — ZIP Code Boundary Map

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