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Herkimer, NY

Full City Profile · New York · Fulton County County

3.0 /5.0
B Good
7,335 Population 2,832/sq mi density
$57,281 Median Income $31,426 per capita
$123,700 Home Value $162,773 Zillow
$824 Median Rent 29.2% income on rent
46°F Avg Temperature 261 sunny days/yr
185 Violent Crime/100K 2,503 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$57,281 median income, 3.6% unemployment
A+
Affordability
5.0 / 5.0
$123,700 home value, $824/mo rent
F
Safety
1.0 / 5.0
185 violent crimes/100K
C+
Education
2.6 / 5.0
19.4% bachelor's degree or higher

Housing Overview

Median Home Value
$123,700
56% below
US avg: $281,900
Median Rent
$824/mo
29% below
US avg: $1,163/mo
Homeownership Rate
52.3%
20% below US avg (65.4%)
Total Housing Units
3,618
Median year built: 1938

Home Value by Source

Census Median
$123,700
Zillow (ZHVI)
$162,773
Median Sale Price
$142,994
Median List Price
$114,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

52.3%
Owner-Occupied
47.7%
Renter-Occupied
52%
48%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$899/mo
1 Bedroom
$926/mo
2 Bedroom
$1,172/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,623/mo
Census median rent: $824/mo

Market Indicators (Redfin)

Median Days on Market
105 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$78
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
29.2%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
52.3%

Complete Housing Data

Home Values

Census Median Value$123,700
Zillow Home Value (ZHVI)$162,773
Median Sale Price$142,994
Median List Price$114,900
Price Per Sq Ft$78

Rent

Census Median Rent$824
FMR Studio$899
FMR 1-Bedroom$926
FMR 2-Bedroom$1,172
FMR 3-Bedroom$1,405
FMR 4-Bedroom$1,623

Market

Days on Market105
Sale-to-List Ratio1.0%
Price Drops15.4%
Homes Sold5
Active Inventory13
Price Per Sq Ft$78

Ownership & Stock

Owner-Occupied52.3%
Renter-Occupied47.7%
Homeownership Rate52.3%
Total Housing Units3,618
Median Year Built1938
Rent Burden29.2%