Otego, NY—13825
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otego, NY
As of Oct '25, the median home price in Otego, NY is $212,000, with a year-over-year change of 0.6%. This indicates that home prices in Otego, NY are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 0.6% |
| Single Family | $212,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | 0.0% |
3 Bed | $215,000 | 0.9% |
4 Bed | $245,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Otego, NY
Otego, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Otego, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Otego, NY is 76. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | -11.0% |
Listing Count | 16 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 76 | 44.0% |
Demographics — Otego, NY
As of the latest ACS Survey released in 2023, Otego, NY has a population of 2,780, which has decreased by -12.8% over the past 5 years. Otego, NY is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,780 | -12.8% |
% Under 18 | 15.9% | 8.2% |
% Seniors | 26.4% | 14.8% |
% WFH | 4.9% | 133.3% |
% w/ College Degree | 28.6% | 10.0% |
As of the latest ACS Survey released in 2023, Otego, NY is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Otego, NY is asian, making up 3.5% of the population. Foreign-born residents account for 5.9% of the population in Otego, NY, and this percentage has increased by 118.5% 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 | 90.3% | -7.5% |
% Black | 0.7% | 133.3% |
% Hispanic | 1.4% | 1,300.0% |
% Asian | 3.5% | 1,650.0% |
% Foreign Born | 5.9% | 118.5% |
Mortgage and Risk — Otego, NY
According to HUD data as of 2023, there were 22 mortgage originations in Otego, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Otego, NY. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Otego, NY
Otego, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | -$730 | $1,800 | $1,070 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Otego, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $212,000 |
| Median Household Income | $74,000 |