Canastota, NY—13032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canastota, NY
As of Oct '25, the median home price in Canastota, NY is $218,000, with a year-over-year change of 5.5%. This indicates that home prices in Canastota, NY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 5.5% |
| Single Family | $218,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $165,000 | 0.6% |
2 Bed | $182,000 | 4.0% |
3 Bed | $222,000 | 4.7% |
4 Bed | $268,000 | 4.7% |
| 5 Bed | $290,000 | 6.6% |
% of Housing Stock
Rental Trends — Canastota, NY
As of July '25, Rentcast reports the average rent in Canastota, NY is $1,520, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Canastota, NY is 1-bedrooms: $1,150, 2-bedrooms: $1,080, 3-bedrooms: $2,160. The most common rental property sizes in Canastota, NY are 2-bedroom and 3-bedroom, accounting for 45.3% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,050 | $1,080 |
| 3 Bed Rent | $1,820 | $2,160 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canastota, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Canastota, NY is 44. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -8.0% |
Listing Count | 43 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 44 | -2.0% |
Demographics — Canastota, NY
As of the latest ACS Survey released in 2023, Canastota, NY has a population of 13,000, which has increased by 7.5% over the past 5 years. Canastota, NY is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 7.5% |
% Under 18 | 18.5% | -7.5% |
% Seniors | 19.6% | 16.0% |
% WFH | 8.2% | 54.7% |
% w/ College Degree | 20.4% | -1.4% |
As of the latest ACS Survey released in 2023, Canastota, NY is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Canastota, NY is hispanic, making up 2.0% of the population. Foreign-born residents account for 2.0% of the population in Canastota, NY, and this percentage has increased by 185.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -9.1% |
% Black | 1.7% | 750.0% |
% Hispanic | 2.0% | 900.0% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 2.0% | 185.7% |
Mortgage and Risk — Canastota, NY
According to HUD data as of 2023, there were 206 mortgage originations in Canastota, NY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Canastota, NY. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 206 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Canastota, NY
Canastota, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 274 |
Total Units Section 8 | 274 |
% Rentals under Section 8 | 27.8% |
% Occupied Section 8 | 74.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,150 | $1,000 |
| 2 Bedroom | $180 | $1,050 | $1,230 |
| 3 Bedroom | -$320 | $1,820 | $1,500 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Canastota, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $218,000 |
| Median Household Income | $74,200 |