Real Estate Investing in Herkimer, New York (13350)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 13350 (Herkimer, NY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 14.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Herkimer, NY (13350)?
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Market Analysis: 13350 Herkimer
ZIP 13350 inside Herkimer County looks affordable on the surface — median value of $167K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 13350 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 13350 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 13350 includes headwinds that any investor should price in. Income distribution skews lower than Herkimer averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 13350, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Herkimer:
Property Strategy for 13350
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $141,597 | $1,140 | 5.8% | +10.9% | $70,799 |
| 3BR | $157,147 | $1,370 | 6.3% | +10.1% | $52,382 |
| 4BR | $171,035 | $1,580 | 6.7% | +9.6% | $42,759 |
| 5BR | $224,526 | — | — | — | $44,905 |
Market Trends
Home Value History (with trend line)
📊 How Does 13350 Compare?
| Metric | 13350 | Herkimer | Utica-Rome, NY | New York |
|---|---|---|---|---|
| Home Value | $166,889 | $166,889 | N/A | $505,608 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 6.6% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 13350 (Herkimer, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,889 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 13350
Population: 9,641
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 13350
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,859 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Herkimer, NY a good investment right now?
Investors tracking Herkimer, NY will find a 3.0/5 rating supported by $167K median home values and $1,026/mo rents. That profile suits long-term holders targeting measured returns.
What is it like being a landlord in Herkimer, NY?
The landlord environment in Herkimer, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the typical vacancy rate in Herkimer, NY?
Rental vacancy in Herkimer, NY is elevated. Investors should budget normal turnover but not chronic empty units.
Is Herkimer, NY suited for a house hack?
House hacking works a challenging in Herkimer, NY. Rents of $1,026/mo against $167K acquisition make the strategy solid for owner-occupants.
How much is rent in Herkimer, NY?
Rental rates in Herkimer, NY average $1,026/mo. Tenant demand and $167K home values make the yield look reasonable by investor standards.
You know 13350 now. You don’t know where it ranks.
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How 13350 ranks in Utica-Rome, NY
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