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Affordable Housing in Ilion, NY

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Ilion, NY Foreclosures

How much do homes sell for in Ilion, NY?
The average home price is currently $149,931.
In Ilion, NY, how many homes are available?
There are currently 5 active home listings available in Ilion.
What’s the average rental cost in Ilion, NY?
The average rental price in Ilion is $1,110.
What is the most expensive home in Ilion?
The most expensive home sold in Ilion had a price of $2,376,303.
What is currently the cheapest priced home in Ilion, NY?
The cheapest home for sale in Ilion is priced at $10,370.

Living in Ilion, NY

Ilion, New York is a quaint village situated in Herkimer County, known for its rich history and small-town charm. With a population of around 8,000, Ilion offers a cozy community feel, where residents enjoy access to local parks, recreational centers, and historical sites. The village is also known for its proximity to the scenic Mohawk River and its vibrant local events throughout the year.

Current Market Conditions in Ilion, NY

Ilion's real estate market is currently experiencing a steady demand, with prices showing resilience despite broader economic challenges. The area is attracting buyers looking for affordable housing and a tranquil lifestyle. Homes in Ilion are priced competitively, making it an enticing market for first-time homebuyers and those seeking a second home in a quieter setting.

In recent months, the market has seen an increase in listings, indicating a healthy turnover in properties. Buyers can expect a range of homes from historic houses to more modern constructions, appealing to various tastes and budgets.

Home Value Estimator For Ilion, NY

There are currently 6,040 real estate properties in Ilion, NY, with a median automated valuation model (AVM) price of $131,487.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ilion, 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 Ilion, NY, is $149,931.00, with the most expensive house in Ilion, NY, topping out at $2,376,303.00 and the cheapest home in Ilion, NY, clocking in at $10,370.00. In other words, there’s something for every potential homebuyer or savvy investor in Ilion, NY!

Rent Prices In Ilion, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ilion, NY, is on a rollercoaster ride. The average rent price in Ilion, NY, is $1,110.00. Indeed, when looking to rent in Ilion, NY, you can expect to pay as little as $650.00 or as much as $1,910.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Ilion, 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.

Ilion, NY Affordable Housing


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