The story of this market
The typical home in ZIP 13407 sells for about $149,100, or $85 per square foot.
Prices are up +3.2% 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 $728 a month.
ZIP 13407 — Mohawk
The housing market in 13407 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents seeking affordable housing, though limited new construction keeps the market tight. The area's affordability relative to larger metros continues to support steady, if slow, market activity.
This ZIP is well-suited for families and individuals seeking an affordable, quiet, rural-suburban lifestyle with easy access to the Mohawk Valley's natural amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 4.5 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 2.5% · poverty 14.3% — 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 4.0%/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 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 13407, 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 Mohawk area are generally lower than the national average, with property crime being the primary concern in the broader region.
Schools serving the area are part of the West Canada Valley Central School District, which maintains a moderate rating for academic performance and student support.
The area faces moderate risk from seasonal flooding near the Mohawk River and typical winter weather hazards common to Upstate New York.
Economic momentum is stable, driven by local manufacturing and small-scale service industries, with limited large-scale new development.
Property taxes are levied by the town and county, with school district taxes representing the largest portion of the total tax bill.
Commutes are primarily car-dependent, with residents traveling toward Utica or Herkimer for employment via local state routes.
The area offers access to the Erie Canal trail system, local parks, and proximity to the Adirondack foothills for outdoor activities.
The rental market is characterized by low turnover and limited inventory, with demand driven by local workforce needs.
The economy is anchored by manufacturing, healthcare, and education sectors in the surrounding Utica-Rome metropolitan area.
Transportation is heavily reliant on private vehicles, with limited public transit options available for regional commuting.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
The Herkimer County assessment office manages property valuations based on periodic market analysis.
Parcels are subject to school district taxes and local municipal levies.
Property insurance premiums are influenced by regional weather risks, including heavy winter snowfall and flood zones.
The state experiences net domestic out-migration, though rural areas like Mohawk maintain relatively stable populations.
New York is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New York requires a standard property condition disclosure statement from sellers, with a credit option if not provided.
Data retrieved from 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.
A major multi-use trail system running through the Mohawk Valley.
A significant regional historical site located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.