Herkimer County, New York: commercial real estate data.
Herkimer County, New York had an estimated 59,585 residents on July 1, 2024, down 0.9 percent since the 2020 census base of 60,140, across 1,411 square miles. County output reached $2.36 bn in 2024, 1,124 establishments operate here, and the SBA record carries 69 7(a) approvals worth $23.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Herkimer County
How many people live in Herkimer County
- Population, American Community Survey 2020-202459,757
- Households25,741
- Average household size2.32
- Median household income$68,515
- Median age44.8
- Median gross rent$823 per month
- Median owner-occupied home value$147,700
- Home value to household income2.2 times
- Annual rent as a share of median income14.4 percent
- Adults 25 and over with a bachelor degree or higher22.7 percent
- Adults 25 and over with a graduate degree9.5 percent
- Adults 25 and over42,910
- Population under 1812,183
- Share under 1820.4 percent
- Population 65 and over13,318
- Share 65 and over22.3 percent
- Working age population, 18 to 6434,256
- Civilian labor force28,878
- Unemployment rate4.3 percent
- Labor force participation, adults 18 and over60.7 percent
- Rank by population among New York counties43rd of 62
- Rank by population among US county-equivalents, Puerto Rico included899th of 3,222
Herkimer County is the 43rd largest of 62 New York counties by population. A median home costs 2.2 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.3 percent against 20.4 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Herkimer County
Is Herkimer County's population growing?
- Population, July 1, 202459,585
- Census 2020 base population60,140
- Population change since the 2020 census base-0.92 percent
- Population change, 2023 to 202414
- Births, 2024568
- Deaths, 2024637
- Natural change, 2024-69
- Net domestic migration, 202435
- Net international migration, 202450
- Total net migration, 202485
- Cumulative net domestic migration, 2021 to 202469
- Rank by growth among US county-equivalents2162nd of 3,144
The county has lost 0.92 percent of its population since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Herkimer County
Where are people moving to Herkimer County from?
- Tax returns filed by households arriving1,234
- People arriving, from those returns2,207
- Tax returns filed by households leaving1,208
- Net household movement26
- Adjusted gross income arriving$69.3 m
- Net adjusted gross income movement$-26.7 m
- Average income of an arriving household$56,153
- Average income of a leaving household$79,478
- Largest single originOneida County (455 households)
- Largest single destinationOneida County (437 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Oneida County | 455 | 824 | $23.1 m |
| Otsego County | 59 | 116 | $2.5 m |
| Fulton County | 58 | 118 | $2.8 m |
| Montgomery County | 57 | 99 | $2.5 m |
| Onondaga County | 30 | 41 | $1.5 m |
| Madison County | 26 | 41 | $1.1 m |
Households arriving report $23,325 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Oneida County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Herkimer County
What is the Herkimer County economy?
- County GDP, 2024$2.36 bn
- County GDP, 2023$2.25 bn
- GDP change, 2023 to 20244.7 percent
- GDP change over five years21.3 percent
- Rank by GDP among the New York areas BEA publishes52nd of 62
- Rank by GDP among the US county areas BEA publishes1146th of 3,127
- GDP per resident$39,489
Output grew 4.7 percent in the latest year and 21.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Herkimer County
Employment by industry in Herkimer County
- Covered employment, annual average15,519
- Establishments reporting1,297
- Average annual pay$51,384
- Average weekly wage$988
- Retail trade, employment2,199
- Retail trade, average annual pay$39,272
- Health care and social assistance, employment2,079
- Health care and social assistance, average annual pay$49,494
- Accommodation and food services, employment1,519
- Accommodation and food services, average annual pay$22,070
- Manufacturing, employment1,407
- Manufacturing, average annual pay$60,432
- Construction, employment724
- Other services, except public administration, employment452
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 2,199 | 156 | $39,272 |
| Health care and social assistance | 2,079 | 110 | $49,494 |
| Accommodation and food services | 1,519 | 157 | $22,070 |
| Manufacturing | 1,407 | 51 | $60,432 |
| Construction | 724 | 133 | $83,298 |
| Other services, except public administration | 452 | 113 | $29,901 |
| Arts, entertainment and recreation | 319 | 32 | $34,059 |
| Professional, scientific and technical services | 315 | 65 | $99,761 |
Retail trade is the largest private sector at 2,199 jobs, 14.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Herkimer County
How many businesses are in Herkimer County?
- Establishments, all industries1,124
- Employment at those establishments11,873
- Annual payroll$522.9 m
- Establishments per 1,000 residents18.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Herkimer County
Building permits in Herkimer County
- Housing units authorized by permit, 202450
- Declared construction value permitted$24.0 m
- Single family units authorized50
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$479,189
- Units authorized per 1,000 households1.9
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Herkimer County
SBA loans in Herkimer County (7(a) and 504)
- 7(a) approvals recorded69
- 7(a) gross approval dollars$23.2 m
- Average 7(a) approval$336,696
- Median 7(a) approval$44,000
- 10th percentile approval$10,000
- 90th percentile approval$1,030,600
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)345
- Jobs per approval5.0
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals38
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.1 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter59
- Franchise loans2
- Franchise share of approvals2.9 percent
- Leading industry by approval countGeneral Freight Trucking, Local (11)
- Most active lenderManufacturers and Traders Trust Company (48)
- 504 approvals recorded3
- 504 gross approval dollars$728,000
- Average 504 approval$242,667
- Median 504 approval$188,000
- Distinct CDCs active1
- 504 jobs per approval3.3
- 504 jobs per million dollars approved13.7
- Most active CDCEmpire State Certified Development Corporation (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$24.0 m
The average approval of $336,696 sits well above the median of $44,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 10.1 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Herkimer County
SBA loan default and charge-off rates in Herkimer County
Do SBA loans in Herkimer County get paid back?
- Loans with a final outcome recorded9
- Paid in full9
- Charged off0
- Status: Paid in full9
- Status: Cancelled7
- Status: Exempt from disclosure47
- Status: Committed, not yet disbursed6
Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Herkimer County
SBA lending by place in Herkimer County
- Borrower cities with recorded lending15
- Little Falls, approvals11
- Frankfort, approvals9
- Ilion, approvals9
- Herkimer, approvals7
- Old Forge, approvals5
- Dolgeville, approvals5
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Little Falls | 11 | $3,275,000 |
| Frankfort | 9 | $7,085,000 |
| Ilion | 9 | $3,318,500 |
| Herkimer | 7 | $745,000 |
| Old Forge | 5 | $3,244,500 |
| Dolgeville | 5 | $215,000 |
| Newport | 5 | $110,000 |
| Mohawk | 4 | $148,000 |
| 7 other borrower cities | 14 | $5,091,000 |
Little Falls accounts for 11 approvals against 9 in Frankfort. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Herkimer County
How large is Herkimer County?
- Land area1,411 sq mi
- Rank by land area among New York counties6th of 62
- Width, east to west26.3 mi
- Height, north to south87.8 mi
- Geographies sharing a boundary7
- Residents per square mile of land42
- Establishments per square mile0.80
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Herkimer County
Flood risk in Herkimer County
- Communities in the county in the NFIP Community Status Book30
- Of those, participating in the NFIP30
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
- Radon levels in Herkimer County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The EPA places Herkimer County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Herkimer County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Herkimer County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202459,757
- Households25,741
- Average household size2.32
- Median household income$68,515
- Median age44.8
Common questions
Herkimer County questions, answered from the record.
How many people live in Herkimer County, New York?
The Census Bureau estimates 59,585 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 59,757, in 25,741 households, ranking 43rd of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Herkimer County's population growing?
The population has fallen 0.92 percent since the 2020 census base of 60,140, to 59,585 on July 1, 2024. In 2024 there were 568 births against 637 deaths, with net migration of 85. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Herkimer County?
$68,515. The median owner-occupied home is valued at $147,700, which is 2.2 times income, and median gross rent is $823 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Herkimer County?
1,124 establishments, employing 11,873 people with an annual payroll of $522.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Herkimer County?
Retail trade is the largest private sector at 2,199 jobs, 14.2 percent of covered employment. Covered employment averages 15,519 jobs at an average annual pay of $51,384, or $988 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Herkimer County?
69 7(a) approvals totaling $23.2 m since FY2020, across 15 lenders, with a median approval of $44,000, plus 3 504 approvals worth $728,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Herkimer County?
50 housing units were authorized by permit in 2024, with a declared construction value of $24.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Herkimer County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Herkimer County come from?
The largest single origin is Oneida County, with 455 households. Arriving households report an average income of $56,153 against $79,478 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Herkimer County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Herkimer County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Herkimer County
Cities and places in Herkimer.
18 Census places lie wholly or partly in Herkimer County. All 18 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Ilion | village | 7,593 | 9 | Wholly in this county |
| Herkimer | village | 7,566 | 7 | Wholly in this county |
| Little Falls | city | 4,550 | 11 | Wholly in this county |
| Mohawk | village | 2,520 | 4 | Wholly in this county |
| Frankfort | village | 2,503 | 9 | Wholly in this county |
| Dolgeville | village | 1,874 | 5 | 84.1 percent here, 15.9 percent Fulton County |
| West Winfield | village | 837 | 2 | Wholly in this county |
| East Herkimer | CDP | 659 | None recorded | Wholly in this county |
| Middleville | village | 652 | 1 | Wholly in this county |
| Old Forge | CDP | 574 | 5 | Wholly in this county |
| East Frankfort | CDP | 571 | None recorded | Wholly in this county |
| Newport | village | 491 | 5 | Wholly in this county |
| Poland | village | 449 | 2 | Wholly in this county |
| Salisbury Center | CDP | 207 | None recorded | Wholly in this county |
| South Ilion | CDP | 195 | None recorded | Wholly in this county |
| Cold Brook | village | 164 | 3 | Wholly in this county |
| Eagle Bay | CDP | 90 | None recorded | Wholly in this county |
| Thendara | CDP | 64 | None recorded | Wholly in this county |
A further 6 of the county's 69 SBA 7(a) approvals are to borrowers in cities that match no Census place in Herkimer County, the largest being Winfield (3), Jordanville (2), Schuyler (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby