Cortland, NY is a great place to buy a house. The housing median value in Cortland, NY is $171,400, which is significantly lower than the US median value of $338,100. In the past year, the US house appreciation rate was 8.27%, while the appreciation rate in Cortland was an even higher 11.42%. This makes Cortland an ideal place to invest in real estate for those looking for an attractive return on their investment.
The median home cost in Cortland is $171,400. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Cortland is up 12.8%.
Average Age of Homes
- The median age of Cortland real estate is 78 years old
The Rental Market in Cortland
- Renters make up 48.0% of the Cortland population
- 1.5% of houses and apartments in Cortland, 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.