The housing market in Cortland, NY (13045) has seen a strong year of appreciation, with the median value of homes increasing by 11.42%. This is higher than the US house appreciation rate of 8.27%, showing that the local housing market is performing well. The median value of a home in Cortland is $164,600, which is significantly lower than the US house median value of $338,100. This demonstrates that Cortland offers potential buyers a much more affordable option for those looking to buy in the area.
The median home cost in Cortland (zip 13045) is $164,600. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Cortland (zip 13045) is up 12.8%.
Average Age of Homes
- The median age of Cortland (zip 13045) real estate is 74 years old
The Rental Market in Cortland (zip 13045)
- Renters make up 36.5% of the Cortland (zip 13045) population
- 1.3% of houses and apartments in Cortland (zip 13045), 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.