The housing market in Otsego, NY is thriving with a median value of $454,600 – significantly higher than the US median value of $338,100. There has been an impressive 8.27% appreciation rate in the US house market over the past year, and even more impressive 11.97% appreciation rate in Otsego, NY. This indicates that the housing market in Otsego is strong and growing which can make it a great place for real estate investments.
The median home cost in Otsego is $454,600. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Otsego is up 15.8%.
Average Age of Homes
- The median age of Otsego real estate is 78 years old
The Rental Market in Otsego
- Renters make up 20.3% of the Otsego population
- 3.0% of houses and apartments in Otsego, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.