Housing in Otego, NY is a great investment with properties valued at about $220,300, which is significantly lower than the US national median of $338,100. Additionally, the one-year appreciation rate of 8.92% is higher than the US average of 8.27%. This makes purchasing property in Otego an attractive option for those looking to invest in real estate. The area also has a strong job market and good schools, making it a desirable place to live as well.
The median home cost in Otego is $220,300. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Otego is up 14.8%.
Average Age of Homes
- The median age of Otego real estate is 39 years old
The Rental Market in Otego
- Renters make up 20.3% of the Otego population
- 3.8% of houses and apartments in Otego, 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.