Home Values

Town of Herkimer Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Town of Herkimer is $60, which is lower than the Utica Metro average of $83. The median price of homes currently listed in Town of Herkimer is $79,900 while the median price of homes that sold is $77,838.

Foreclosures will be a factor impacting home values in the next several years. In Town of Herkimer 2.2 homes are foreclosed (per 10,000). This is greater than the Utica Metro value of 2.0 and also lower than the national value of 4.5

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 Town of Herkimer is 4.1%, 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 Town of Herkimer homeowners underwater on their mortgage is 16.1%, which is higher than Utica Metro at 13.9%.

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Relative ZHVI
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Town of Herkimer Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $79,900 Median listing price
  • No recent data Median sale price
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Town of Herkimer Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 16.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes(Apr 30, 2010) Town of Herkimer
2 homes Utica Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Richfield Springs $98,500
 
 

Listings & Sales

Data through Oct 31, 2014
  • $60 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.7% Listings with price cut
7.1%
Sold below listing
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Town of Herkimer Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,352 Town of Herkimer
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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