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Jefferson County, NY

RANK #208 / 996  ·  POP 117,445  ·  NY

PROJECTED GROWTH: +2.0%

Jefferson County combines solid growth with real affordability — a rare combination.

[01] Why Jefferson County?

Jefferson County, New York, is defined by its position at the convergence of Lake Ontario and the St. Lawrence River, offering access to the Thousand Islands region. Watertown, the county seat, sits 72 miles north of Syracuse. The area is known for its natural scenery, with fifteen state parks, numerous state forests, and wildlife management areas providing opportunities for outdoor recreation like boating, hiking, snowmobiling, and cross-country skiing. Commuting within the county is common, with a large majority of residents working locally. The community offers a blend of small towns and natural landscapes.

Life in Jefferson County is shaped by its affordability and access to natural resources. Many families and young professionals reside here, with public schools generally performing above average. The economy is significantly influenced by Fort Drum, a major Army installation that employs over 36,900 soldiers, family members, and civilians. Agriculture, particularly dairy farming, also plays a substantial role, with recent investments highlighting its expanding economic impact. Additionally, the county is seeing growth in sectors like food processing and advanced manufacturing, with efforts to expand workforce training at institutions like Jefferson Community College.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+0.4%

Well below national median

Home Prices
+0.9%

Below national median

Climate & Terrain
-1.3

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Jefferson County U.S. National

The Numbers

DEMOGRAPHICS
Population
117,445
-0.16% YoY
Median Household Income
$62,782
Median Home Value
$169,600
+0.89% 12mo
Median Rent
$1,143
Average Annual Pay
$55,545
+1.8% YoY
Employment
40,308
+1.2% YoY
Income-to-Home-Value
0.3702
More affordable than average
Migration Inflow
2.83%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$211,500
Days on Market
116
Slower market
Months of Supply
5.1
Buyer's market
Sale-to-List Ratio
96.2%
Negotiation room for buyers
Sold Above List
32.1%
Listings w/ Price Drops
11.5%
Building Permits (2024)
191
Single-Family Permits
191

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

[05] Capital Investment

$719M
TOTAL
PROJECT AMOUNT STATUS
Hounsfield Wind Farm (Galloo Island)
Upstate NY Power Corporation
$280M Proposed
Tracy Solar Project
EDF Renewables North America
$119M Planned
Riverside Solar Project
AES Corporation
$100M Planned
Deer River Wind Farm
Atlantic Wind LLC (Avangrid Renewables)
$100M Proposed
Worth Wind Energy Project
WEB Renewable Energy USA LLC (WEB USA)
$70M Proposed
Jefferson County Public Transportation System
Jefferson County Board of Legislators
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.4% 10 percentile
Population Growth -0.2% 22 percentile
Income Growth +7.7% 31 percentile
Vacancy Rate 1.7% 16 percentile
Home Price Change +0.9% 43 percentile
Rent Growth +6.1% 87 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Jefferson County has a Boom Town Index score of 79/100, ranking #208 among 996 U.S. counties. With job growth at +1.2% and a median household income of $62,782, it's an above-average county on economic indicators.

Is Jefferson County affordable?

The median home value in Jefferson County is $169,600 with median rent at $1,143/month. The income-to-home-value ratio is 0.3702, which is more affordable than the national average.

Is Jefferson County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.2%. Home values changed +0.9% in the past 12 months.

Are people moving to Jefferson County?

Yes — 2.83% of Jefferson County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Grant County, IN 89 Lenawee County, MI 89 Ontario County, NY 89 Greater Bridgeport Planning Region, CT 89 Putnam County, NY 89 Allegan County, MI 89 Herkimer County, NY 89 Lebanon County, PA 89