The housing market in Otisco, NY is doing quite well compared to the rest of the country. The median value of a home in Otisco is $277,200 which is significantly lower than the US median value of $338,100. However, Otisco has seen a 10.20% appreciation rate over the last year which is higher than the national average of 8.27%. This suggests that the housing market in Otisco is growing stronger and should continue to do so for the foreseeable future.
The median home cost in Otisco is $277,200. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Otisco is up 17.9%.
Average Age of Homes
- The median age of Otisco real estate is 40 years old
The Rental Market in Otisco
- Renters make up 10.9% of the Otisco population
- 1.7% of houses and apartments in Otisco, 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.