The story of this market
The typical home in Town of Hannibal, New York sells for about $129,900, or $122 per square foot.
Prices are up +8.6% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $932 a month.
Monthly price momentum
Home values since 2015
+5.5%
NY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Town of Hannibal, New York
The Hannibal housing market is characterized by high owner-occupancy and affordability, with a median home value significantly lower than the state average. Market activity is stable, driven by local demand rather than speculative investment. Data gaps exist regarding specific sale-to-list ratios and detailed crime statistics.
No ARED county foreclosure postings attributed to Town of Hannibal yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 12.1% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 102.96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 8.7% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local green space providing recreational facilities for residents.
A significant natural feature offering fishing and scenic views for the community.
Hannibal is well-suited for family buyers and those seeking a quiet, rural lifestyle with affordable housing options compared to larger New York markets.
The Hannibal Central School District serves the area, providing public education for the local community.
Transportation is heavily reliant on personal vehicles, with most residents driving alone to work.
The area features local parks such as Hannibal Community Park and access to the Oswego River for outdoor recreation.
The rental market is characterized by low density and affordability, with a median gross rent of approximately $932 per month.
The local economy is primarily driven by small-scale services and local government, with a significant portion of the workforce commuting to surrounding areas.
The area is characterized by rural infrastructure and local community development, with limited large-scale corporate expansion reported.
Development is focused on maintaining rural character with minimal large-scale commercial or residential projects currently reported.
The town is served by the Hannibal Central School District and various local special districts for municipal services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New York) — Income-Based Assessment for Affordable Rental Housing: The assessed valuation must be determined using the income approach based on actual net operating income, excluding subsidies, tax credits, or grants used for development costs. State (New York) — Real Property Tax Assessment: Real property is assessed by local jurisdictions based on a uniform percentage of value. The tax liability is calculated as (Assessed Value * Tax Rate) - Exemptions.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical -1.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and US Census Bureau profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.