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Preforeclosure Homes in Herkimer, NY

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Herkimer, NY Foreclosures

How much do homes sell for in Herkimer, NY?
The average home price is currently $174,234.
In Herkimer, NY, how many homes are available?
There are currently 2 active home listings available in Herkimer.
What’s the average rental cost in Herkimer, NY?
The average rental price in Herkimer is $1,036.
What is the most expensive home in Herkimer?
The most expensive home sold in Herkimer had a price of $7,539,983.
What is currently the cheapest priced home in Herkimer, NY?
The cheapest home for sale in Herkimer is priced at $12,573.

Living in Herkimer, NY

Herkimer is a charming village located in upstate New York, known for its rich history and beautiful landscapes. The area boasts a welcoming community with a small-town feel, providing residents with access to both outdoor recreation and urban conveniences. Education and local amenities cater to families and individuals alike, making it a desirable place to call home.

Current Market Conditions in Herkimer, NY

The current real estate market in Herkimer is experiencing steady growth, with home prices showing a moderate appreciation over the past several months. Demand for housing is gradually increasing as more people discover the benefits of living in this picturesque village. As a result, the inventory levels have begun to drop, creating a more competitive market for buyers looking for affordable housing options.

Local economic development initiatives are contributing to a positive outlook for the Herkimer housing market, with the introduction of new businesses and improvements to infrastructure. These factors are drawing more residents to the area, ensuring that property values remain strong and that investment opportunities continue to arise.

Home Value Estimator For Herkimer, NY

There are currently 5,449 real estate properties in Herkimer, NY, with a median automated valuation model (AVM) price of $147,642.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Herkimer, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Herkimer, NY, is $174,234.00, with the most expensive house in Herkimer, NY, topping out at $7,539,983.00 and the cheapest home in Herkimer, NY, clocking in at $12,573.00. In other words, there’s something for every potential homebuyer or savvy investor in Herkimer, NY!

Rent Prices In Herkimer, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Herkimer, NY, is on a rollercoaster ride. The average rent price in Herkimer, NY, is $1,036.00. Indeed, when looking to rent in Herkimer, NY, you can expect to pay as little as $670.00 or as much as $1,700.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Herkimer, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Herkimer, NY Preforeclosure Homes


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