Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$220,102+5.5% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 9% have cut their price
Income needed to buy, per year$47,713About 0.7× the local median income ($67,404): affordable for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
The typical home in Otsego County, NY is worth $220,102, up 5.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $205,082, so the area is 7.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 79 days to sell, listings are up 16% from a year ago, 9% of listings have had a price cut. A household needs about $47,713 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 $67,404. Typical rent is $1,931 a month. In the latest IRS figures, 27 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
$220,102
Change in 1 year
+5.5%
Overvalued %
+7.3%
Show 6 more
Fair home value
$205,082
Change in 5 years
+27.6%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,193
Income needed to afford it
$47,713
Property tax rate
1.70%
Rent and investing
Typical rent
$1,931
Price-to-rent ratio
9.5×
HUD Fair Market Rent, 2 bedrooms
$1,235
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Gross rental yield
10.53%
Cap rate (estimate)
6.84%
Market activity
Listings vs a year ago
+15.8%
Days on market
79
Listings with a price cut
9.4%
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Homes for sale
249
Pending sales per 100 listings
67
Asking price per sq ft
$164
People and jobs
Median household income
$67,404
Population change (1 year)
−0.1%
Unemployment rate
6.4%
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Population
60,589
Income adjusted for cost of living
$73,585
Net moves in (IRS)
−27
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)
75.8
Flood risk score
85.8
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Wildfire risk score
25.7
Walkability (1 to 20)
5.6
Road, rail and air noise
53 dB
Questions people ask
Is Otsego County, NY overvalued?
Home prices in Otsego County, NY are slightly above what local incomes have historically supported: fair value is about $205,082, so the area is 7.3% overvalued.
Is Otsego County, NY a buyer's or seller's market?
Otsego County, NY is a balanced market, leaning toward sellers: homes take about 79 days to sell, listings are up 16% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Otsego County, NY?
Home values in Otsego County, NY are up 5.5% over the last year.
How much do you need to earn to buy a home in Otsego County, NY?
A household needs about $47,713 a year to afford the typical home in Otsego County, NY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,404.