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4 bed, 2.0 bath, 2,000 sqft
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%.more