Hammondsport, NY—14840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hammondsport, NY
As of Oct '25, the median home price in Hammondsport, NY is $321,000, with a year-over-year change of 1.6%. This indicates that home prices in Hammondsport, NY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | 1.6% |
| Single Family | $321,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $162,000 | -1.2% |
2 Bed | $292,000 | 0.7% |
3 Bed | $379,000 | 1.3% |
4 Bed | $508,000 | 1.6% |
| 5 Bed | $544,000 | 1.7% |
% of Housing Stock
Rental Trends — Hammondsport, NY
As of July '25, Rentcast reports the average rent in Hammondsport, NY is $1,300, with a year-over-year rent change of -31.6%. Per bedroom, the median rent as of July '25 in Hammondsport, NY is 1-bedrooms: $1,300. The most common rental property sizes in Hammondsport, NY are 1-bedroom and 3-bedroom, accounting for 63.4% and 19.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 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 — Hammondsport, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hammondsport, NY is 34. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter 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 | $550,000 | 27.0% |
Listing Count | 25 | -16.0% |
| Listings as % of Homes | 0.2% | -16.0% |
Days on Market | 34 | -13.0% |
Demographics — Hammondsport, NY
As of the latest ACS Survey released in 2023, Hammondsport, NY has a population of 2,510, which has decreased by -7.3% over the past 5 years. Hammondsport, NY is a less popular place for families, as children make up 11.7% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,510 | -7.3% |
% Under 18 | 11.7% | -13.3% |
% Seniors | 34.8% | 17.2% |
% WFH | 9.8% | 46.3% |
% w/ College Degree | 37.3% | 4.8% |
As of the latest ACS Survey released in 2023, Hammondsport, NY is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Hammondsport, NY is hispanic, making up 2.1% of the population. Foreign-born residents account for 2.4% of the population in Hammondsport, NY, and this percentage has increased by 41.2% 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 | 94.2% | -1.3% |
% Black | 0.9% | -35.7% |
% Hispanic | 2.1% | 0.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 2.4% | 41.2% |
Mortgage and Risk — Hammondsport, NY
According to HUD data as of 2023, there were 98 mortgage originations in Hammondsport, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Hammondsport, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hammondsport, NY
Hammondsport, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$530 | $1,300 | $770 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Hammondsport, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $321,000 |
| Median Household Income | $84,700 |