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These days, finding an affordable place to live in the Herkimer area can be challenging. Home prices in Herkimer are now at a median cost of $114,221, lower than the New York average of $481,023.
The average cost of rent is $747/mo in Herkimer, primarily driven by the current value of real estate in the Herkimer area. While nearly 56.81% of residents own their homes outright in Herkimer, 37.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Herkimer is $4,942 per month. Households that rent pay about 15.11% of their income on rent here. Herkimer's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- North Ilion, NY: equally priced homes
- Mohawk, NY: equally priced homes
- Ilion, NY: less expensive homes
- Jacksonburg, NY: higher priced homes
- East Schuyler, NY: higher priced homes
- Dennison Corners, NY: higher priced homes
- North Columbia, NY: higher priced homes
- Paines Hollow, NY: higher priced homes
- Frankfort, NY: higher priced homes
- Little Falls, NY: less expensive homes
Cities with Similar Populations
- Ripon, WI: higher priced homes
- Milliken, CO: higher priced homes
- Millis, MA: higher priced homes
- Mills River, NC: higher priced homes
- Milton, WI: higher priced homes
- Quincy, WA: higher priced homes
- Raymond, NH: higher priced homes
- Redding, CT: higher priced homes
- Richboro, PA: higher priced homes
- Ridley Park, PA: higher priced homes
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