Real Estate Investing in Ilion, New York

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 10,073 • Herkimer County

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Should you buy in Ilion, NY? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (77/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 13.7% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Ilion, NY?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.3% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $160,256
Avg Monthly Rent $981
ZIP Codes 1

Investing in Ilion Real Estate

Ilion in New York is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Ilion's 1 ZIPs, fundamentals run modest: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Transaction volume in Ilion has thinned in a way that amplifies price discovery risk. On balance, investors without local context should treat every number on the page with skepticism.

Ilion's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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Best ZIP codes in Utica-Rome, NY

Ilion is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$160,256
Avg Monthly Rent
$981
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Ilion, NY

Screen every ZIP in Ilion

Filter Ilion’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Ilion, NY

Is real estate in Ilion, NY a good investment right now?

Our data puts Ilion, NY at 3.0/5 for investability. Home prices of $160K and rents around $981/mo create a solid backdrop for investor activity.

Are there empty rentals in Ilion, NY?

Ilion, NY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $981/mo.

Are landlord laws favorable in Ilion, NY?

For rental operators, Ilion, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.

Is Ilion, NY a good market for FHA house hackers?

House hacking in Ilion, NY is a challenging. With home values around $160K and rents at $981/mo, owner-occupants can offset a meaningful share of PITI.

What are rental rates like in Ilion, NY?

Ilion, NY rentals go for roughly $981/mo a month. That puts gross yield in solid territory relative to $160K acquisition costs.

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