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Herkimer County, NY

RANK #112 / 996  ·  POP 60,293  ·  NY

PROJECTED GROWTH: +2.7%

Herkimer County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Herkimer County?

Herkimer County, located in central New York State, is known for its "Herkimer diamonds," which are unique quartz crystals found in the area. The county sits northwest of Albany and east of Syracuse, with the northern part extending into the Adirondack Park. Commuting within the county is primarily by car, with an average commute time of 25.7 minutes. Bus services are available for longer distances, including routes to New York City. The community offers a blend of small-town warmth and access to outdoor recreation, including hiking trails, lakes, and the historic Erie Canal.

Life in Herkimer County offers affordability and a focus on community. The housing market is generally more accessible than in larger urban areas, appealing to young families, retirees, and remote workers seeking more space. Local school districts, such as Herkimer Central School District and Central Valley Central School District, serve the area. The economy is seeing efforts towards diversification, with recent state grants supporting the redevelopment of the former Remington Arms factory site in Ilion to attract new manufacturers and high-tech employers.

[02] Market Snapshot

Housing Ratio
4.4x

Below national median (4.7x)

GDP Growth
+2.2%

Below national median

Home Prices
+3.5%

Outpacing national median

Climate & Terrain
-1.6

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Herkimer County U.S. National

The Numbers

DEMOGRAPHICS
Population
60,293
-0.5% YoY
Median Household Income
$68,104
Median Home Value
$130,900
+3.51% 12mo
Median Rent
$776
Average Annual Pay
$51,384
+4.8% YoY
Employment
15,519
+0.4% YoY
Income-to-Home-Value
0.5203
More affordable than average
Migration Inflow
3.02%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$159,250
Days on Market
87
Slower market
Months of Supply
6.6
Buyer's market
Sale-to-List Ratio
94.5%
Negotiation room for buyers
Sold Above List
20.0%
Listings w/ Price Drops
12.2%
Building Permits (2024)
50
Single-Family Permits
50

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +2.2% 39 percentile
Population Growth -0.5% 11 percentile
Income Growth +12.5% 96 percentile
Vacancy Rate 0.8% 76 percentile
Home Price Change +3.5% 77 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Herkimer County, NY a good place to move to?

Herkimer County has a Boom Town Index score of 89/100, ranking #112 among 996 U.S. counties. With job growth at +0.4% and a median household income of $68,104, it's an above-average county on economic indicators.

Is Herkimer County affordable?

The median home value in Herkimer County is $130,900 with median rent at $776/month. The income-to-home-value ratio is 0.5203, which is more affordable than the national average.

Is Herkimer County growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: +0.4%. Home values changed +3.5% in the past 12 months.

Are people moving to Herkimer County?

Yes — 3.02% of Herkimer County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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