City · 7,593 residents · Herkimer County, New York
Ilion, New York
In Ilion, a typical home is worth $108,700 and typical rent is $694 a month. Compared with all of Herkimer County, the typical home value is 26% lower, typical rent is 16% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $109,536 to $156,309.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Ilion 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
What this place has that others do not, from public data, most unusual first.
1
Ilion has the 2nd lowest typical rent of the 333 cities in New York with more than 5,000 people ($694).
2
Ilion has the 16th lowest typical home value of the 348 cities in New York with more than 5,000 people ($108,700).
3
66% of households in Ilion own their home, against 77% in Herkimer County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Ilion
What homes there are in Ilion, 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 houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Ilion
Herkimer County
New York
United States
Kind of home: Ilion and its comparisons
Measure
Ilion
Herkimer County
New York
United States
Detached house
64%
72%
41%
61%
Attached house
Unreliable estimate
1%
6%
6%
Building of 2 to 4
18%
12%
17%
8%
Apartments (5 or more)
Unreliable estimate
6%
35%
19%
Mobile home
Unreliable estimate
9%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Ilion, 6 in 10 homes are single-family detached houses; in Herkimer County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Ilion
Herkimer County
New York
United States
Year built: Ilion and its comparisons
Measure
Ilion
Herkimer County
New York
United States
Before 1960
79%
55%
52%
26%
1960–1979
17%
18%
22%
24%
1980–1999
Unreliable estimate
17%
14%
25%
2000–2009
Unreliable estimate
6%
6%
14%
2010 or later
Unreliable estimate
4%
6%
11%
Old homes abound here: at least half date from before 1940, and 79% were built before 1960.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K45%
$100K–$200K46%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Ilion and its comparisons
Measure
Ilion
Under $100K
45%
$100K–$200K
46%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50036%
$500–$99930%
$1,000–$1,49919%
HUD fair market rent, 2 bedrooms: $1,210
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Ilion and its comparisons
Measure
Ilion
Under $500
36%
$500–$999
30%
$1,000–$1,499
19%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
By rent, most homes in Ilion cost less than HUD's 2-bedroom fair market rent ($1,210): about 74%.
With a mortgage
$1,032 a month
Herkimer County: $1,336 a month
Without a mortgage
$549 a month
Herkimer County: $590 a month
Owners with a mortgage
48%
Herkimer County: 49%
In Ilion, 48% of owners have a mortgage, and their typical cost is $1,032 a month, against $1,336 in Herkimer County. Without one it drops to $549.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Ilion+33%
Herkimer County+48%
New York+35%
United States+53%
Typical rent
IlionNo clear change
Herkimer County+22%
New York+27%
United States+33%
Typical household income
IlionNo clear change
Herkimer County+25%
New York+26%
United States+29%
Change since 2015–2019: Ilion and its comparisons
Measure
Ilion
Herkimer County
New York
United States
Typical home value
+33%
+48%
+35%
+53%
Typical rent
No clear change
+22%
+27%
+33%
Typical household income
No clear change
+25%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Ilion rose 33%; in Herkimer County, it rose 48%.
The typical rent in Ilion stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Ilion and its comparisons
Measure
Ilion
Herkimer County
New York
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
3.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
1.1%
5.3%
3.4%
People per household
2.10
2.27
2.49
2.53
Drive alone
81%
77%
49%
69%
Carpool
Unreliable estimate
8%
6%
9%
Public transit
Unreliable estimate
Unreliable estimate
22%
3%
Walk or bike
Unreliable estimate
4%
6%
3%
Work from home
Unreliable estimate
10%
15%
15%
Other means
Unreliable estimate
Unreliable estimate
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Ilion has 2.10 people, fewer than in Herkimer County (2.27).
To get to work, 81% of workers in Ilion drive alone; in Herkimer County, 77%.
Do the math
What would you pay each month for a home in Ilion?
A typical home is within reach of the typical income
We start with a typical home in Ilion, worth $108,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Ilion, which is $62,843 a year.
The calculator's FHA and conventional loan limits are those of all of Herkimer County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Ilion. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,805 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,063
at 7.18% · 30 years
Loan amount
$106,731
Total interest
$153,560
Paid off in
November 2056
Includes $1,836 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,466 a month
Your payment · 20%
Tight
$1,466 to $1,885 a month
Hard
more than $1,885 a month
Compared with the typical household income in Ilion ($62,843 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$723
Property tax
$246
Home insurance
$45
FHA mortgage insurance (MIP)
$48
You need at least $3,805 for the down payment, plus closing costs.
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.
Total monthly payment $1,063; principal and interest $723.
The city and its county
Ilion and Herkimer County
Ilion 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).
Ilion
Map of Herkimer County, New York, with Ilion marked. Around it, the neighboring counties.
Ilion
Herkimer County
Other cities with a page
Ilion's own numbers
Typical home value
$108,700
Typical monthly rent
$694
Typical yearly household income
$62,843
Households that own their home
66%
Effective property tax rate
2.72%
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.
A typical home in Ilion is worth $108,700: 26% below the county and 74% below New York. With the typical household income in Ilion ($62,843 a year), a typical home costs 1.7 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.
Ilion1.7 years
Herkimer2.2 years
New York4.9 years
United States4.1 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.
Yearly change in FHFA’s price index in Herkimer County, 2016 to 2025
2016: +2.9% +2.9% 2016
2017: −1.1% −1.1% 2017
2018: +5.8% +5.8% 2018
2019: +5.4% +5.4% 2019
2020: +5.7% +5.7% 2020
2021: +10.6% +10.6% 2021
2022: +14.3% +14.3% 2022
2023: +9.6% +9.6% 2023
2024: +5.6% +5.6% 2024
2025: +5.0% +5.0% 2025
Change in FHFA’s price index in Herkimer County, New York and the United States
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
Ilion 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
Ilion$108,700
Herkimer$147,700
New York$423,800
United States$332,700
Typical monthly rent
Ilion$694
Herkimer$823
New York$1,621
United States$1,413
Typical yearly household income
Ilion$62,843
Herkimer$68,515
New York$85,974
United States$80,734
See the full table
Ilion next to Herkimer County and New York
Measure
Ilion
Herkimer County
New York
U.S.
Typical home value
$108,700 ▼26% below the county
$147,700
$423,800
$332,700
Typical monthly rent
$694 ▼16% below the county
$823
$1,621
$1,413
Typical yearly household income
$62,843 ▼8% below the county
$68,515
$85,974
$80,734
Households that own their home
66% ▼10 points below the county
77%
54%
65%
Typical yearly property tax
$2,958 ▼5% below the county
$3,107
$6,582
$3,119
Effective property tax rate
2.72% ▲0.62 points above the county
2.1%
1.55%
0.94%
Renters with high rent for their income
46% ▲5 points above the county
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 Ilion
For a typical $108,700 home in Ilion, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ilion's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,063a month
Least cash to close
Down payment
$3,805
Cash to close
$7,066
Rate
7.18%
Mortgage insurance
FHA MIP · $48
Conventional, 5% down$1,043a month
Down payment
$5,435
Cash to close
$8,696
Rate
7.18%
Mortgage insurance
PMI · $52
Conventional, 20% down, no PMI$881a month
Down payment
$21,740
Cash to close
$25,001
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$981a month
Down payment
$16,305
Cash to close
$19,566
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Ilion
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,063
$3,805
$106,731
7.18%
FHA MIP · $48
$7,066
580
Conventional, 5% down
$1,043
$5,435
$103,265
7.18%
PMI · $52
$8,696
620*
Conventional, 20% down, no PMI
$881
$21,740
$86,960
7.18%
None
$25,001
620*
ITIN, 15% down (example)
$981
$16,305
$92,395
8.18%
None
$19,566
Set by the lender
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.
Typical rent in Ilion is $694 a month: 16% below the county. In Ilion, 46% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Herkimer County (Fiscal year 2027)
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 Ilion
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ilion is in ZIP code 13357.
For 2 bedrooms it is $1,190: $20 less than the fair market rent for Herkimer County ($1,210).
Fair market rent by ZIP code and size in Ilion, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
13357
$840
$930
$1,190
$1,420
$1,610
ZIP code2 bd3 bd
13357 $1,190$1,420
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ilion 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
No down payment, repair or rent-help program on our list is for Ilion or Herkimer County. The ones below are statewide in New York: they work in Ilion the same as in the rest of the state.
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York.Offered by State of New York Mortgage Agency (SONYMA).
SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment.Offered by State of New York Mortgage Agency (SONYMA).
No legal help resource on our list is for Ilion or Herkimer County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Ilion 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 Ilion?
The typical home value in Ilion is $108,700, 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 Ilion?
Typical rent in Ilion is $694 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 Ilion?
Ilion 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 Ilion?
The typical homeowner in Ilion pays $2,958 a year, according to the U.S. Census Bureau. That is 2.72% of the home’s value; in Herkimer County, the rate is 2.1%.
Where can I find free help to buy or rent in Ilion?
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.
