Hamburg, NY—14075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamburg, NY
As of Oct '25, the median home price in Hamburg, NY is $322,000, with a year-over-year change of 4.8%. This indicates that home prices in Hamburg, NY are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 4.8% |
| Single Family | $322,000 | 4.9% |
| Condos | $300,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 6.3% |
3 Bed | $307,000 | 4.8% |
4 Bed | $396,000 | 6.2% |
| 5 Bed | $424,000 | 6.0% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Hamburg, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamburg, NY is 53. This is a increase of 13.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -4.0% |
Listing Count | 143 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 53 | 13.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,600 | 5.0% |
% Under 18 | 19.6% | 1.0% |
% Seniors | 23.1% | 11.6% |
% WFH | 12.3% | 412.5% |
% w/ College Degree | 37.9% | 2.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $322,000 |
| Median Household Income | $82,100 |