The story of this market
The typical home in ZIP 13357 sells for about $167,000, or $119 per square foot.
Prices are up +33.8% from a year ago, so sellers still have some momentum. Homes take about 81 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $764 a month.
ZIP 13357 — Ilion
The housing market in ZIP 13357 is showing signs of recovery with significant year-over-year price appreciation and tightening inventory. While sales volume remains modest, the competitive nature of the market is driving prices upward as buyers seek affordable options in the Mohawk Valley. Current conditions reflect a transition toward a more balanced but active local market.
This ZIP is well-suited for family buyers and local workers seeking affordable housing options with access to regional amenities in the Mohawk Valley.
Median prices moved up 33.8% year over year.
Homes spend a median of 81 days on market with 2.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 14.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 13357, Herkimer County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area include Herkimer High School and Little Falls High School, which generally maintain moderate performance ratings within the regional district framework.
The area is subject to standard regional climate risks including seasonal winter weather and potential flood exposure in low-lying areas near the Mohawk River.
Economic momentum is driven by local manufacturing and service sectors in the Mohawk Valley, with ongoing efforts to revitalize historic industrial infrastructure.
Property taxes are levied by the county, town, and school district, with rates reflecting local budgetary requirements and state-mandated school funding formulas.
Residents primarily commute via NY-5 and local arterial roads toward employment hubs in Utica and Rome.
The area offers access to the Herkimer Athletic Complex and proximity to the Steuben Hill State Forest for outdoor activities.
The rental market is characterized by steady demand from local workers, with limited new inventory and stable vacancy rates.
The economy is anchored by manufacturing, healthcare, and education sectors within the broader Utica-Rome metropolitan area.
Transportation is primarily highway-dependent, with NY-5 serving as the main corridor connecting the area to regional employment centers.
Development is focused on small-scale residential infill and the adaptive reuse of existing commercial properties.
The Herkimer County assessment office manages property valuations based on periodic market analysis and state equalization rates.
Parcels are subject to school district taxes and local municipal levies typical of New York State jurisdictions.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local recreational facilities for community sports.
Offers trails and outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.