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East Herkimer

Learn about the people, housing, costs and businesses in East Herkimer, New York

Median Home$164,200
Median Rent$863/month
Population693
Leading IndustriesFinance & Insurance · Information & Media · Construction11% finance & insurance
Home Value Growth⬆⬆+15.9% over 2 years
Retirees27% of residentsabove average nationally
Homeowners86% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
East Herkimer
NY

Frequently Asked Questions

What are today's mortgage rates in East Herkimer?

As of today, the 30-year fixed mortgage rate for East Herkimer is approximately 7.039% (7.080% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Herkimer?

The median home value in East Herkimer is $164k. The median monthly rent is $863. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Herkimer?

Home values in East Herkimer have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Herkimer?

Based on a typical all-in ownership cost of $793/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Herkimer is $84k/year.

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What industries drive the economy in East Herkimer?

The largest employment sectors in East Herkimer are public administration (25%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.