Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$209,513+6.3% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$45,418About 0.6× the local median income ($71,551): affordable for a typical household
Days on market55 daysAbout the same pace as a year ago
The typical home in Cortland County, NY is worth $209,513, up 6.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $196,004, so the area is 6.9% overvalued. It is a balanced market, leaning toward sellers: homes take about 55 days to sell, listings are up 23% from a year ago, 14% of listings have had a price cut. A household needs about $45,418 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,551. Typical rent is $1,150 a month. In the latest IRS figures, 210 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$209,513
Change in 1 year
+6.3%
Overvalued %
+6.9%
Show 6 more
Fair home value
$196,004
Change in 5 years
+35.4%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,135
Income needed to afford it
$45,418
Property tax rate
2.56%
Rent and investing
Typical rent
$1,150
Price-to-rent ratio
15.2×
HUD Fair Market Rent, 2 bedrooms
$1,171
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Gross rental yield
6.59%
Cap rate (estimate)
4.28%
Market activity
Listings vs a year ago
+23.1%
Days on market
55
Listings with a price cut
14.3%
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Homes for sale
80
Pending sales per 100 listings
132
Asking price per sq ft
$144
People and jobs
Median household income
$71,551
Population change (1 year)
−0.5%
Unemployment rate
4.6%
Show 4 more
Population
45,850
Income adjusted for cost of living
$78,112
Net moves in (IRS)
−210
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
51.2
Flood risk score
71.9
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Wildfire risk score
9.9
Walkability (1 to 20)
6.4
Road, rail and air noise
54 dB
Questions people ask
Is Cortland County, NY overvalued?
Home prices in Cortland County, NY are slightly above what local incomes have historically supported: fair value is about $196,004, so the area is 6.9% overvalued.
Is Cortland County, NY a buyer's or seller's market?
Cortland County, NY is a balanced market, leaning toward sellers: homes take about 55 days to sell, listings are up 23% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Cortland County, NY?
Home values in Cortland County, NY are up 6.3% over the last year.
How much do you need to earn to buy a home in Cortland County, NY?
A household needs about $45,418 a year to afford the typical home in Cortland County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,551.