Is Herkimer, NY a good place to invest in rental property?

Herkimer, NY has a median modeled monthly cash flow of $-83 and a median cap rate of 5.7%, on a median sold price of $170,000. Prices changed +4.3% year over year.

What is the average cap rate in Herkimer, NY?

The median cap rate across recently sold homes in Herkimer, NY is 5.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Herkimer, NY?

The median sold price in Herkimer, NY is $170,000 (about $96 per square foot).

Investing in Herkimer, NY Real Estate

A data-driven snapshot of the Herkimer, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$170,000Median sold price

$96Median $/sqft

5.7%Median cap rate

$-83Modeled cash flow / mo

+4.3%Appreciation YoY

18.9Months of supply

77Active listings

49Sold (last 12 mo)

What the Herkimer numbers say

In Herkimer, NY, the median home sold for $170,000 (about $96 per square foot), and the typical deal models out to a 5.7% cap rate with a median $-83 of monthly cash flow. Sold prices moved +4.3% over the past year. Inventory sits at about 18.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Herkimer cash-flowing listings

CashFlowRE ranks every for-sale home in Herkimer, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Herkimer deals, or browse the national market data.