Hamilton County, New York Housing Market Prices
Hamilton County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% below the New York median$139,843
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Median rent 44% below the New York median Cheaper than 72% of counties in New York$912
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hamilton County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,843 | $471,885 | $248,835 |
| Price Trend (Annual %) | -1.7% | 7.1% | 7.5% |
| Median Gross Rent | $912 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 70% lower than in New York. Rent is about 44% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Hamilton County: home prices fell about 1.7% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
Median rent in Hamilton County rose about 46.7% between 2015 and 2024, from $621 to $912. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hamilton County. The price-to-rent ratio in New York is about 24.3.
| Metric | Hamilton County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,843 | $471,885 | $248,835 |
| Median Household Income | $68,196 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.1 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hamilton County fell about 17.1%, while median household income rose about 50.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hamilton County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 25.2% | 48.8% | 58.5% |
| Rental Rate | 5.4% | 41.1% | 31.2% |
| Vacancy Rate | 69.4% | 10.1% | 10.2% |
| Median Tenure (years) | 21.0 | 17.0 | 15.0 |
| Median Year Moved In | 2005 | 2009 | 2011 |
Hamilton County has a homeownership rate of 25.2%, lower than the New York average of 48.8%. Its housing vacancy rate is 69.4%, compared with 10.1% in New York.
Housing Stock
| Metric | Hamilton County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.01 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1969 | 1960 | 1978 |
| Median Number of Rooms | 4.8 | 5.0 | 5.5 |
The typical housing unit in Hamilton County was built around 1969. On average, 2.0 people live in a home with about 4.8 rooms, staying for about 21.0 years on average.
Hamilton County, NY Housing Compared With Nearby Counties
Hamilton County, NY is the smallest of the 6 counties compared here, 5,089 residents against a local median of 58,430. Where Hamilton County, NY breaks from the counties next to it is median home price, sitting 40% above the local median of $99,814 at $139,843.
The counties themselves spread $174,285 on median home price, so Hamilton County, NY sits at one end of an already wide local range rather than apart from it. Hamilton County, NY has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County, NY | 5,089 | $139,843 #3/6 | $912 #4/6 | 82.4% #1/6 |
| Herkimer County, NY | 58,430 | $63,440 | $822 | 76.2% |
| Fulton County, NY | 49,864 | $98,571 | $912 | 72.2% |
| Warren County, NY | 65,516 | $237,725 | $1,105 | 72.1% |
| Montgomery County, NY | 49,528 | $152,503 | $940 | 70.4% |
| Saratoga County, NY | 238,162 | $99,814 | $1,393 | 72.3% |
Frequently Asked Questions
Common questions about the housing market in Hamilton County, New York.
What is the median home price in Hamilton County, New York?
The median home price in Hamilton County, New York is $139,843, lower than the New York average of $471,885.
What is the average home price in Hamilton County, New York?
The typical home price in Hamilton County, New York, reported as the median sale price, is $139,843. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hamilton County, New York?
The median gross rent in Hamilton County, New York is $912 per month, lower than the New York average of $1,621.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, New York was $840 per month.
What is the price-to-rent ratio in Hamilton County, New York?
The price-to-rent ratio in Hamilton County, New York is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hamilton County.
Are home prices or rent rising faster in Hamilton County, New York?
Home prices and rent are moving in opposite directions in Hamilton County: home prices fell about 1.7% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hamilton County, New York?
25.2% of households in Hamilton County, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Hamilton County, New York?
The housing vacancy rate in Hamilton County, New York is 69.4%, higher than the New York average of 10.1%.
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