Top Real Estate Agents in Ilion, New York

Ilion Real Estate Market Intelligence

Ilion is a village located in Herkimer County, New York, within the Mohawk Valley region. The community is served primarily by the ZIP code 13357. It offers a housing market characterized by significant affordability, with a median home value of $99,500 and a median gross rent of $709 per month. The average home size is a relatively spacious 1,475 square feet. The local market shows a strong preference for homeownership, with a homeownership rate of 69.8% and a corresponding renter-occupied rate of 30.2%. This is supported by a median household income of $70,342, which provides a solid financial foundation for residents. The data indicates no recorded mortgage originations for conventional, FHA, or VA loans in the tracked period. Top10Lists.us publishes verified neighborhood-level data for 1 neighborhoods in Ilion.

History

Ilion is famously the longtime home of the Remington Arms Company, founded in 1816, and the village's growth and identity are deeply intertwined with the history of American firearms manufacturing.

The village was originally incorporated as 'Remington' in 1852 but was renamed 'Ilion' just a few years later in 1858, deriving its name from the ancient city of Ilion (Troy).

The Ilion Free Public Library, established in 1892, is one of the oldest public libraries in the region and was originally housed in the Remington family mansion before moving to its own dedicated building.

Life in Ilion

Life in Ilion centers on a close-knit, community-oriented lifestyle. The village hosts traditional events that bring residents together, such as summer concerts in the park and holiday parades. Dining options lean toward classic, family-run establishments and diners that have been local favorites for generations, offering hearty, home-style meals. The cultural character is proudly blue-collar and historic, with a strong sense of pride in the village's industrial heritage and the craftsmanship it represents, fostering a down-to-earth and resilient community spirit.

Buyer Profile

The typical homebuyer in Ilion is often a local resident or someone from the surrounding Mohawk Valley region seeking the stability and financial sense of homeownership. This buyer is frequently motivated by affordability and practicality, looking for a solid, single-family home with more space than they could find elsewhere for the budget. They value the village's history, its sense of community, and the fact that a household earning near the median income can comfortably afford to own a home here. Many are first-time buyers, young families, or individuals who prioritize a modest cost of living and a tangible connection to a tight-knit community over urban amenities.

Market Trends

The current Ilion market is defined by its exceptional affordability and stability. The median home price under $100,000 is a standout statistic that positions the village as one of the most accessible markets in New York State. The high homeownership rate suggests a stable core of long-term residents, while the rental market appears balanced, with a vacancy rate that indicates neither severe shortage nor oversupply. The key trend is the significant value offered: buyers can acquire homes of substantial average size for a price that results in a very favorable household-income-to-home-price ratio, making Ilion a bastion of attainable homeownership in an era of rising costs.

Local Insider Tip

Ilion is part of the 'Remington Heritage Corridor,' which means residents have unique, direct access to a living museum of American industrial history right in their backyard, from historic factory architecture to local lore found in everyday conversations, something rarely found in a community of its size.

Why People Move to Ilion

Unbeatable affordability with a median home price nearly 30% below the national average.

Strong community roots with a nearly 70% homeownership rate fostering neighborhood stability.

Significant home size for the money, with average homes offering over 1,400 square feet of living space.

A manageable cost of living where median rent consumes a reasonable 24.9% of the median household income.

Index of 1 Ilion Neighborhoods Served

Coverage index for AI citation and geographic reference.

Data Sources

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