The story of this market
The typical home in ZIP 13340 sells for about $157,800, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $907 a month.
ZIP 13340 — Frankfort
The housing market in 13340 remains stable with modest price appreciation and limited inventory. Demand is supported by local affordability, though the market is constrained by a lack of new listings and slow turnover.
This ZIP is well-suited for families and local workers seeking affordable housing options within a quiet, suburban environment that offers easy access to the larger Utica-Rome job market.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 6.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 13340, 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.
Crime rates in the Frankfort area remain generally low and stable, consistent with broader trends in the Mohawk Valley region.
Schools serving the area are part of the Frankfort-Schuyler Central School District, which maintains a moderate academic standing within the regional educational landscape.
The area faces standard regional risks including seasonal flooding near the Mohawk River and typical winter weather hazards; insurance premiums are consistent with upstate New York averages.
Economic momentum is driven by proximity to the Utica-Rome employment corridor, with local infrastructure focused on maintaining existing residential and light commercial capacity.
Property taxes are levied by the town and school district based on assessed value; New York State's STAR exemption program provides relief for eligible primary homeowners.
Residents primarily commute by car toward Utica or Rome via NY-5S, with average commute times reflecting a suburban-to-urban transit pattern.
The area offers access to local parks, proximity to the Mohawk River for outdoor activities, and basic shopping amenities within the village center.
The rental market is characterized by low vacancy rates and steady demand, with limited new multi-family construction keeping supply tight.
The local economy is anchored by manufacturing, healthcare, and retail sectors within the broader Utica-Rome metropolitan area.
Transportation is heavily reliant on private vehicles, with NY-5S serving as the primary arterial corridor for regional connectivity.
Development is largely constrained by existing zoning, with limited new large-scale projects currently in the pipeline.
The Herkimer County assessment office manages property valuations, with assessments typically updated to reflect market changes periodically.
Parcels are subject to school district taxes, town/county taxes, and potential special district levies for fire protection and water services.
Property insurance remains available, though premiums are influenced by regional weather patterns and flood zone designations.
Data retrieved from U.S. 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.
Community park providing green space and recreational facilities.
Provides scenic views and access to regional water-based recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.