Otsego County, New York Housing Market
In Otsego County, New York, the median home value is $179,100, with a median monthly rent of $987. This places Otsego County at #1649 nationally out of 3134 counties by median home value, and #38 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,158
- Establishments: 1,412
- BLS QCEW, 2025
Housing Supply
- Single-family: 125
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 23,439 (avg $75,442)
- Outflow: 22,291 (avg $75,138)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Otsego County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 13326 | 315.8 | +9.53% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Otsego County Compares
| Metric | Otsego County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $179,100 | $281,200 | $227,706 |
| Median Gross Rent | $987 | $1,168 | $968 |
| Owner Occupancy Rate | 73.9% | 69.3% | 73.3% |
| Price/Rent Ratio | 15.1 | 18.4 | 18.7 |
Market Analysis
The median home value in Otsego County is 36.3% below the New York state average and 21.3% below the U.S. national average. The median rent of $987/month is 15.5% below the state average.
With a price-to-rent ratio of 15.1, the buy-vs-rent decision in Otsego County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Otsego County has an owner-occupancy rate of 73.9%, compared to 69.3% in New York and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Franklin County | Georgia | $179,000 | $844 |
| Washington County | Kentucky | $179,200 | $744 |
| Bedford County | Pennsylvania | $179,000 | $784 |
| Hill County | Texas | $179,200 | $946 |
| Pointe Coupee Parish | Louisiana | $179,300 | $817 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clinton County | $180,600 | $1,003 | 69.4% |
| Oneida County | $182,600 | $944 | 67.7% |
| Delaware County | $183,100 | $880 | 77.3% |
| Livingston County | $174,600 | $931 | 76.3% |
| Madison County | $184,600 | $928 | 78.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).