Real Estate Investing in Herkimer County, New York

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

17 ZIP codes • Population: 58,018

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

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

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: 25.7% of homes vacant β€” above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 β€” slower evictions, more regulations.

What’s happening in Herkimer County, NY?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

7.0% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $251,240
Avg Monthly Rent $991
ZIP Codes 17

Investing in Herkimer County Real Estate

This is a distressed-leaning county in New York: Herkimer has 16 cities, 17 ZIPs, and investment math that only works for investors with genuine local understanding.

firmly Herkimer County's β˜…β˜…β˜…β˜†β˜† aggregate rating reflects muted investor metrics across the board β€” soft rent growth, soft appreciation, and structural headwinds worth taking seriously.

Herkimer County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Herkimer County, NY. Anonymous, moderated, never written by AI.

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Avg Home Value
$251,240
Avg Monthly Rent
$991
1% Rule
βœ— Below
Landlord Friendly (NY)
β˜…β˜†β˜†β˜†β˜†

πŸŽ“ Colleges & Universities in Herkimer County

2 Colleges 1,925 Students 312 Off-Campus Renters
C
Herkimer County Community College
2-Year Public Β· 1,863 students
πŸ“ ~312 students rent off-campus
C
Herkimer County BOCES-Practical Nursing Program
Vocational Public Β· 62 students

Cities in Herkimer County

ZIP Codes in Herkimer County, NY

13357 β˜… β˜… β˜… β˜… β˜…
Ilion
Population 10,073
Avg Home $160,256
Avg Rent $981/mo
13350 β˜… β˜… β˜… β˜… β˜…
Herkimer
Population 9,641
Avg Home $166,889
Avg Rent $1,026/mo
13365 β˜… β˜… β˜… β˜… β˜…
Little Falls
Population 8,545
Avg Home $172,907
Avg Rent $945/mo
13340 β˜… β˜… β˜… β˜… β˜…
Frankfort
Population 7,322
Avg Home $224,596
Avg Rent $990/mo
13407 β˜… β˜… β˜… β˜… β˜…
Mohawk
Population 5,125
Avg Home $178,510
Avg Rent $945/mo
13439 β˜… β˜… β˜… β˜… β˜…
Richfield Springs
Population 3,667
Avg Home $225,209
Avg Rent $963/mo
13491 β˜… β˜… β˜… β˜… β˜…
West Winfield
Population 3,570
Avg Home $217,142
Avg Rent $1,071/mo
13416 β˜… β˜… β˜… β˜… β˜…
Newport
Population 2,120
Avg Home $229,702
Avg Rent $945/mo
13431 β˜… β˜… β˜… β˜… β˜…
Poland
Population 1,929
Avg Home $264,793
Avg Rent $972/mo
13324 β˜… β˜… β˜… β˜… β˜…
Cold Brook
Population 1,714
Avg Home $182,597
Avg Rent $945/mo
13322 β˜… β˜… β˜… β˜… β˜…
Clayville
Population 1,059
Avg Home $243,462
Avg Rent $1,206/mo
13420 β˜… β˜… β˜… β˜… β˜…
Old Forge
Population 890
Avg Home $530,726
Avg Rent $963/mo
13454 β˜… β˜… β˜… β˜… β˜…
Salisbury Center
Population 754
Avg Home $185,210
Avg Rent $945/mo
13361 β˜… β˜… β˜… β˜… β˜…
Jordanville
Population 666
Avg Home $226,319
Avg Rent $963/mo
13406 β˜… β˜… β˜… β˜… β˜…
Middleville
Population 491
Avg Home $183,437
Avg Rent $945/mo
13472 β˜… β˜… β˜… β˜… β˜…
Old Forge
Population 277
Avg Home $445,179
Avg Rent $963/mo
13331 β˜… β˜… β˜… β˜… β˜…
Eagle Bay
Population 175
Avg Home $434,141
Avg Rent $1,080/mo

Screen every market in Herkimer County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Herkimer County

What are rental rates like in, NY?

Rents in, NY run near $991/mo. Compared with median home prices of $251K that produces solid gross yields for typical rentals.

How strong is tenant demand in, NY?

The tenant pool in, NY is solid, supported by local employment and population fundamentals. Rents of $991/mo are well-absorbed by the market.

How does, NY rate as a rental market?

Our data puts, NY at 3.0/5 for investability. Home prices of $251K and rents around $991/mo create a solid backdrop for investor activity.

What real estate strategy is ideal for, NY?

The best-fit strategy in, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

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