Herkimer County Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Herkimer County is $72, which is lower than the Utica Metro average of $84. The median price of homes currently listed in Herkimer County is $119,000 while the median price of homes that sold is $70,200. The median rent price in Herkimer County is $800.

Foreclosures will be a factor impacting home values in the next several years. In Herkimer County 0.7 homes are foreclosed (per 10,000). This is greater than the Utica Metro value of 0.2 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Herkimer County is 6.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Herkimer County homeowners underwater on their mortgage is 14.5%, which is higher than Utica Metro at 13.9%.

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Relative ZHVI
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Herkimer County Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $119,000 Median listing price
  • No recent data Median sale price
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Herkimer County Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 14.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Counties

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Saratoga County $235,400 Warren County $189,500 Schenectady County $151,600
Jefferson County $124,700 Madison County $121,600 Otsego County $118,700
Fulton County $108,000 Lewis County $94,800 Oswego County $88,100

Listings & Sales

Data through Aug 31, 2014
  • $73 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 35.1% Listings with price cut
12.4%
Sold below listing
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Herkimer County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,406 Herkimer County
$1,150 Utica Metro
$1,328 United States
  • No data Breakeven horizon
  • $800 Rent list price (Jun 30, 2014)
  • No data Rent list price / sq ft
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