The housing market in Cortland, NY County is thriving. The median value of homes in the area is $168,500 which is significantly lower than the US House Median Value of $338,100. This has attracted many potential buyers looking for more affordable real estate options. Furthermore, the area has experienced an impressive house appreciation rate of 10.08%, higher than the US 1 year House Appreciation of 8.27%. As a result, there has been an increase in demand for housing within the county making it a great investment opportunity.
The median home cost in Cortland County is $168,500. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Cortland County is up 13.6%.
Average Age of Homes
- The median age of Cortland County real estate is 69 years old
The Rental Market in Cortland County
- Renters make up 29.7% of the Cortland County population
- 0.8% of houses and apartments in Cortland County, 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.