Herkimer County, New York home prices
Typical home $204,078 · +6.2% in a year · property tax 2.1%
The typical home in Herkimer County is worth $204,078, 61% less than the New York typical home ($524,942). Values changed +6.2% in the past year and +39.7% over five years. Homeowners here pay a median 2.1% of their home's value in property tax each year ($4,293 on the typical home), versus 1.42% statewide.
Mortgage on the typical Herkimer County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,816 | $163,263 | $1,098 | $0 | $460 | $1,558 | $66,800 |
| 10% down | $20,408 | $183,671 | $1,236 | $77 | $460 | $1,772 | $75,900 |
| 5% down | $10,204 | $193,874 | $1,304 | $81 | $460 | $1,845 | $79,100 |
| 3.5% down (FHA) | $7,143 | $200,382 | $1,348 | $90 | $460 | $1,898 | $81,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.1% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York · part of the Utica metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Broome County | $201,781 | +6.7% | 2.52% |
| Orleans County | $207,563 | +8.1% | 2.72% |
| Oswego County | $208,964 | +7.3% | 2.4% |
| Tioga County | $209,229 | +7.8% | 2.33% |
| Cortland County | $209,513 | +6.3% | 2.56% |
| Lewis County | $198,555 | +4.7% | 1.62% |
| Montgomery County | $213,640 | +3.3% | 2.46% |
| Wyoming County | $214,905 | +5.6% | 2.25% |
| Otsego County | $220,102 | +5.5% | 1.7% |
| Seneca County | $225,973 | +5.9% | 2.19% |
Frequently asked questions
What is the average home price in Herkimer County, NY?
The typical home value in Herkimer County is $204,078 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Herkimer County?
About $66,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Herkimer County?
The median effective rate is 2.1% of home value a year (Census ACS 2024 5-year estimates).