Gerry, NY—14740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gerry, NY
As of Oct '25, the median home price in Gerry, NY is $170,000, with a year-over-year change of 8.5%. This indicates that home prices in Gerry, NY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 8.5% |
| Single Family | $170,000 | 9.0% |
| 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 | $180,000 | 9.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gerry, NY
As of July '25, Rentcast reports the average rent in Gerry, NY is $2,800, with a year-over-year rent change of -6.7%. Detailed rent data by bedroom size is not available for Gerry, NY. The most common rental property sizes in Gerry, NY are 2-bedroom and 1-bedroom, accounting for 42.1% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| 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 — Gerry, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gerry, NY is 92. This is a decrease of -29.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $96,200 | -46.0% |
Listing Count | 3 | -17.0% |
| Listings as % of Homes | 0.2% | -17.0% |
Days on Market | 92 | -29.0% |
Demographics — Gerry, NY
As of the latest ACS Survey released in 2023, Gerry, NY has a population of 1,280, which has increased by 18.9% over the past 5 years. Gerry, NY is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,280 | 18.9% |
% Under 18 | 23.0% | 101.8% |
% Seniors | 27.8% | -30.0% |
% WFH | 4.4% | 63.0% |
% w/ College Degree | 17.4% | 1.2% |
As of the latest ACS Survey released in 2023, Gerry, NY is a predominantly white area, with 97.3% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Gerry, NY is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.9% of the population in Gerry, NY, and this percentage has decreased by 52.6% 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 | 97.3% | -1.1% |
% Black | 0.5% | ∞% |
% Hispanic | 0.9% | -30.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | -52.6% |
Mortgage and Risk — Gerry, NY
According to HUD data as of 2023, there were 37 mortgage originations in Gerry, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Gerry, NY. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Gerry, NY
Gerry, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,090 |
| 2 Bedroom | N/A | N/A | $1,400 |
| 3 Bedroom | N/A | N/A | $1,820 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Gerry, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $170,000 |
| Median Household Income | $61,100 |