Cortland County, New York Housing Market Prices
Cortland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% below the New York median$139,484
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Median rent 39% below the New York median$983
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cortland County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,484 | $471,885 | $248,835 |
| Price Trend (Annual %) | 7.4% | 7.1% | 7.5% |
| Median Gross Rent | $983 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cortland County is about 70% lower than in New York. Rent is about 39% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cortland County, up about 7.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Cortland County rose about 43.8% between 2015 and 2024, from $684 to $983. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Cortland County.
Buying the median-priced home in Cortland County costs roughly 11.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cortland County. The price-to-rent ratio in New York is about 24.3.
| Metric | Cortland County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,484 | $471,885 | $248,835 |
| Median Household Income | $69,777 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.0 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cortland County rose about 133.4%, while median household income rose about 50.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cortland County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 48.8% | 58.5% |
| Rental Rate | 30.7% | 41.1% | 31.2% |
| Vacancy Rate | 8.8% | 10.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Cortland County has a homeownership rate of 60.4%, higher than the New York average of 48.8%. Its housing vacancy rate is 8.8%, compared with 10.1% in New York.
Housing Stock
| Metric | Cortland County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1963 | 1960 | 1978 |
| Median Number of Rooms | 6.1 | 5.0 | 5.5 |
The typical housing unit in Cortland County was built around 1963. On average, 2.2 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Cortland County, NY Housing Compared With Nearby Counties
Cortland County, NY is the smallest of the 6 counties compared here, 46,246 residents against a local median of 103,844. Cortland County, NY's median home price, at $139,484, runs 26% above the $110,767 typical of the counties around it.
The counties themselves spread $71,350 on median home price, so Cortland County, NY sits at one end of an already wide local range rather than apart from it. Cortland County, NY has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cortland County, NY | 46,246 | $139,484 #2/6 | $983 #3/6 | 66.3% #3/6 |
| Tompkins County, NY | 103,844 | $116,927 | $1,408 | 54.2% |
| Onondaga County, NY | 470,361 | $150,980 | $1,107 | 65.9% |
| Chenango County, NY | 46,321 | $79,630 | $875 | 75.4% |
| Tioga County, NY | 47,858 | $86,426 | $928 | 79.1% |
| Broome County, NY | 197,289 | $110,767 | $941 | 64.5% |
Frequently Asked Questions
Common questions about the housing market in Cortland County, New York.
What is the median home price in Cortland County, New York?
The median home price in Cortland County, New York is $139,484, lower than the New York average of $471,885.
What is the average home price in Cortland County, New York?
The typical home price in Cortland County, New York, reported as the median sale price, is $139,484. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cortland County, New York?
The median gross rent in Cortland County, New York is $983 per month, lower than the New York average of $1,621.
What was the median gross rent in Cortland County in 2020?
In 2020, the median gross rent in Cortland County, New York was $786 per month.
What is the price-to-rent ratio in Cortland County, New York?
The price-to-rent ratio in Cortland County, New York is about 11.8, meaning it would take roughly 11.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cortland County.
Are home prices or rent rising faster in Cortland County, New York?
Both home prices and rent are rising in Cortland County, up about 7.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cortland County, New York?
60.4% of households in Cortland County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Cortland County, New York?
The housing vacancy rate in Cortland County, New York is 8.8%, lower than the New York average of 10.1%.
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