Home Insurance in Herkimer, New York
With a median home value of $133,200, Herkimer is 10% lower than the Herkimer County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The median home in Herkimer was built in 1939 or earlier. About 64% of homes were built before 1960, about 8 points above Herkimer County's 55%.
In Herkimer, the housing stock is 58% single-family homes and 17% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 56% of owner-occupied homes in Herkimer have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 53% of occupied homes in Herkimer are owner-occupied.
84% of homes in Herkimer are primarily heated with natural gas.
Herkimer County's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Herkimer County had 337 active NFIP flood policies as of September 2026. See the full Herkimer County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New York carries a statewide average premium of $1,801 per year.
Key figures
| Median home value | $133,200 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 53% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Herkimer County | 337 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)