Cortland Metro Area, NY Housing

The housing market in the Cortland, NY Metro Area is thriving. According to current data, the median value of a house in this area is $168,500, which is significantly lower than the US median of $338,100. Furthermore, over the last year the appreciation rate has been an impressive 10.08%, higher than the national average of 8.27%. This indicates that there has been a strong demand for housing in this area and could be a great opportunity for potential buyers or investors.

The median home cost in Cortland Metro Area is $168,500. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Cortland Metro Area is up 13.6%.

Average Age of Homes

- The median age of Cortland Metro Area real estate is 69 years old

The Rental Market in Cortland Metro Area

- Renters make up 29.7% of the Cortland Metro Area population
- 0.8% of houses and apartments in Cortland Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cortland, New York	United States
	20,798.0	139,647,020.0
	62	42
	$168,500	$338,100
	13.6%	16.6%
	47.0%	57.0%
	61.7%	101.1%
	$29.56	$10.98
	$3,843	$2,690
	59.1%	57.4%
	12.2%	11.2%
	28.7%	31.4%
Vacant Housing
	0.8%	1.9%
	1.6%	0.4%
	0.7%	0.7%
	1.3%	0.4%
	3.4%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.5%	2.4%
	2.8%	2.8%
	10.4%	3.9%
	11.8%	4.5%
	29.8%	11.3%
	18.3%	13.0%
	14.2%	20.1%
	3.9%	13.6%
	0.6%	8.3%
	0.7%	9.7%
	0.9%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	9.2%	13.6%
	10.5%	13.2%
	12.2%	14.8%
	9.2%	13.6%
	8.0%	10.0%
	5.1%	4.7%
	38.1%	12.2%

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