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City · 7,566 residents · Herkimer County, New York

Herkimer , New York

In Herkimer, a typical home is worth $133,200 and typical rent is $821 a month. Compared with all of Herkimer County, typical household income is 29% lower, the typical home value is 10% lower, and the share of households that own their home is 24 points lower.

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  • Typical home value

    $133,200

    10% below the county

    69% below New York

    • Herkimer
    • County
    • New York

  • Typical rent

    $821a month

    About the same as the county

    49% below New York

    • Herkimer
    • County
    • New York

  • Typical household income

    $48,529a year

    29% below the county

    44% below New York

    • Herkimer
    • County
    • New York

  • Households that own their home

    53%

    24 points below the county

    2 points below New York

    • Herkimer
    • County
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Herkimer is in Herkimer County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Herkimer County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Herkimer apart

What this place has that others do not, from public data, most unusual first.

  1. 53% of households in Herkimer own their home, against 77% in Herkimer County.

  2. Herkimer has the 11th lowest typical rent of the 333 cities in New York with more than 5,000 people ($821).

  3. Herkimer has the 17th lowest typical household income of the 350 cities in New York with more than 5,000 people ($48,529).

  4. Nearby, in Gloversville, the typical home value is $106,400: 20% less than in Herkimer ($133,200).

  5. Nearby, in Ilion, the typical rent is $694: 15% less than in Herkimer ($821).

  6. Herkimer has the 26th lowest typical home value of the 348 cities in New York with more than 5,000 people ($133,200).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Herkimer

What homes there are in Herkimer, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Herkimer (57%), but less so than in Herkimer County (72%).

Year built

In Herkimer, at least half of the homes were built before 1940, and 64% date from before 1960.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent for Herkimer County is high ($1,210): at least 74% of rents in Herkimer cost less than $1,000.

With a mortgage

$1,324 a month

Herkimer County: $1,336 a month

Without a mortgage

$656 a month

Herkimer County: $590 a month

Owners with a mortgage

56%

Herkimer County: 49%

In Herkimer, 56% of owners have a mortgage; their typical cost is $1,324 a month, about the same as in Herkimer County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Herkimer rose 71%; in Herkimer County, it rose 48%.

Rent in Herkimer moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHerkimerHerkimer CountyNew YorkUnited States
Rental vacancy Unreliable estimateUnreliable estimate3.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate1.1%5.3%3.4%
People per household 2.052.272.492.53
Drive alone 66%77%49%69%
Carpool Unreliable estimate8%6%9%
Public transit Unreliable estimateUnreliable estimate22%3%
Walk or bike 10%4%6%3%
Work from home Unreliable estimate10%15%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.05 on average, against 2.27 in Herkimer County.

In Herkimer, 10% of workers walk or bike to work; in Herkimer County, 4%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Herkimer?

A typical home is tight for the typical income

We start with a typical home in Herkimer, worth $133,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Herkimer, which is $48,529 a year. For that payment to be 28% of income, a household would need to earn about $55,767 a year.

The calculator's FHA and conventional loan limits are those of all of Herkimer County.

Your numbers

Local data
$

Starts at the typical home value in Herkimer. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,662 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,301

at 7.18% · 30 years

Loan amount
$130,787
Total interest
$188,172
Paid off in
November 2056

Includes $2,249 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,132 a month

  • Tight

    $1,132 to $1,456 a month

    Your payment · 32%

  • Hard

    more than $1,456 a month

Compared with the typical household income in Herkimer ($48,529 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,301
Principal & interest$886
Property tax$301
Home insurance$56
FHA mortgage insurance (MIP)$59

You need at least $4,662 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Herkimer and Herkimer County

Herkimer is in Herkimer County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Herkimer's own numbers

Typical home value
$133,200
Typical monthly rent
$821
Typical yearly household income
$48,529
Households that own their home
53%
Effective property tax rate
2.71%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Herkimer County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,210
Price change over 5 years (FHFA)
+54%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Herkimer County.

Everything about Herkimer County

Buying

Buying a home in Herkimer

A typical home in Herkimer is worth $133,200: 10% below the county and 69% below New York. With the typical household income in Herkimer ($48,529 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Herkimer 2.7 years
  • County 2.2 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Herkimer County

According to FHFA’s house price index, home prices in Herkimer County rose 84% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Herkimer County.

Period County New York U.S.
Last year (2025) +5.0% +6.0% +2.9%
5 years (2020–2025) +54% +52% +47%
10 years (2015–2025) +84% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Herkimer next to Herkimer County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Herkimer $133,200
  • County $147,700
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Herkimer $821
  • County $823
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Herkimer $48,529
  • County $68,515
  • New York $85,974
  • United States $80,734
See the full table
Herkimer next to Herkimer County and New York
Measure Herkimer Herkimer County New York U.S.
Typical home value $133,200 $147,700 $423,800 $332,700
Typical monthly rent $821 $823 $1,621 $1,413
Typical yearly household income $48,529 $68,515 $85,974 $80,734
Households that own their home 53% 77% 54% 65%
Typical yearly property tax $3,607 $3,107 $6,582 $3,119
Effective property tax rate 2.71% 2.1% 1.55% 0.94%
Renters with high rent for their income 49% 41% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Herkimer County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Herkimer

For a typical $133,200 home in Herkimer, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Herkimer's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,301a month

    Least cash to close
    Down payment
    $4,662
    Cash to close
    $8,658
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $59

  • Conventional, 5% down $1,277a month

    Down payment
    $6,660
    Cash to close
    $10,656
    Rate
    7.18%
    Mortgage insurance
    PMI · $63

  • Conventional, 20% down, no PMI $1,078a month

    Down payment
    $26,640
    Cash to close
    $30,636
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,201a month

    Down payment
    $19,980
    Cash to close
    $23,976
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Herkimer and for Herkimer County.

Property tax

Effective rate in Herkimer

2.71%of the home’s value each year

$3,607 a year for the typical owner in Herkimer.

  • Herkimer 2.71%
  • County 2.1%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Herkimer County

FEMA does not publish these numbers by city: they are for all of Herkimer County.

FEMA’s maps count no homes in the high-risk zone in Herkimer County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Herkimer

Typical rent in Herkimer is $821 a month: about the same as the county. In Herkimer, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Herkimer County, by unit size. To pay the 2-bedroom one ($1,210 a month) without spending more than 30% of your income, you would need to earn $23.27 an hour working full time.

HUD fair market rent for all of Herkimer County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $857 $16.48 $34,280
1 bedroom $946 $18.19 $37,840
2 bedrooms $1,210 $23.27 $48,400
3 bedrooms $1,442 $27.73 $57,680
4 bedrooms $1,636 $31.46 $65,440

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Herkimer

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Herkimer is in ZIP code 13350.

For 2 bedrooms it is $1,130: $80 less than the fair market rent for Herkimer County ($1,210).

  • 13350 $1,130$1,350

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Herkimer when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Herkimer

HUD lists 2 buildings with rents for lower incomes in Herkimer. These are the largest.

  • Nathan Galinsky Apartments 105 Protection Ave, Herkimer 13350 112 homes, 111 low-income · For older adults (901) 759-1855
  • Nathan Castle Apts 249 S Main St, Herkimer 13350 15 low-income homes · 1 bd: 15 · In service since 2005 · For older adults

See all 14 buildings in Herkimer County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Herkimer

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Herkimer County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Herkimer

No down payment, repair or rent-help program on our list is for Herkimer or Herkimer County. The ones below are statewide in New York: they work in Herkimer the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Herkimer

The HUD-approved agencies closest to the center of Herkimer, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Unhs Neighborworks Homeownership Center

    1611 Genesee St, Utica · 14 miles away · Spanish

    Also serves in Arabic, American Sign Language (ASL), Cambodian, Cantonese, and 19 more languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (315) 724-4197

  • Opportunities for Chenango, Inc.

    44 W Main St, Norwich · 44 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (607) 334-7114

  • BETTER COMMUNITY NEIGHBORHOODS, INC. (formerly Better Neighborhoods, Inc.)

    816 Union St, Schenectady · 56 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (518) 372-7616

All counseling agencies in New York

Help in Spanish near Herkimer

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Herkimer

HUD’s record names them for Herkimer or Herkimer County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Herkimer Housing Authority Public housing and Section 8 vouchers (315) 866-2252

3 other authorities have an office in Herkimer County: see the list Source: HUD

Cities

Other cities in Herkimer County

These cities are also in Herkimer County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Herkimer County Housing in New York

Nearby cities

The cities closest to Herkimer, with the typical home value.

Neighboring counties

If Herkimer County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Herkimer.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Herkimer

Short answers with the numbers for Herkimer and all of Herkimer County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Herkimer?

The typical home value in Herkimer is $133,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Herkimer County it is $147,700.

How much does it cost to rent in Herkimer?

Typical rent in Herkimer is $821 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Herkimer County is $1,210.

What is the FHA loan limit in Herkimer?

Herkimer uses the FHA limit for all of Herkimer County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Herkimer?

The typical homeowner in Herkimer pays $3,607 a year, according to the U.S. Census Bureau. That is 2.71% of the home’s value; in Herkimer County, the rate is 2.1%.

Where can I find free help to buy or rent in Herkimer?

We found no HUD-approved counseling agencies with an office in Herkimer County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).