Cazenovia, NY—13035
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cazenovia, NY
As of Nov '25, the median home price in Cazenovia, NY is $386,000, with a year-over-year change of 4.2%. This indicates that home prices in Cazenovia, NY are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $386,000 | 4.2% |
| Single Family | $386,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 3.1% |
3 Bed | $344,000 | 3.9% |
4 Bed | $454,000 | 4.4% |
| 5 Bed | $578,954 | 4.4% |
% of Housing Stock
Rental Trends — Cazenovia, NY
As of July '25, Rentcast reports the average rent in Cazenovia, NY is $1,800, with a year-over-year rent change of -48.3%. Per bedroom, the median rent as of July '25 in Cazenovia, NY is 1-bedrooms: $1,360, 2-bedrooms: $1,620, 3-bedrooms: $2,000, 4-bedrooms: $3,500. The most common rental property sizes in Cazenovia, NY are 3-bedroom and 1-bedroom, accounting for 36.1% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,360 |
| 2 Bed Rent | $1,600 | $1,620 |
| 3 Bed Rent | $1,900 | $2,000 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Cazenovia, NY
As of Nov '25, Realtor.com reports that the median days on market for a home in Cazenovia, NY is 87. This is a increase of 32.0% 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 | $935,000 | 35.0% |
Listing Count | 18 | -36.0% |
| Listings as % of Homes | 0.7% | -36.0% |
Days on Market | 87 | 32.0% |
Demographics — Cazenovia, NY
As of the latest ACS Survey released in 2023, Cazenovia, NY has a population of 8,190, which has decreased by -7.5% over the past 5 years. Cazenovia, NY is a moderately popular place for families, as children make up 16.7% of the population. The area has a highly educated workforce, with 53.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,190 | -7.5% |
% Under 18 | 16.7% | -5.1% |
% Seniors | 21.2% | -4.1% |
% WFH | 16.0% | 56.9% |
% w/ College Degree | 53.1% | 14.2% |
As of the latest ACS Survey released in 2023, Cazenovia, NY is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Cazenovia, NY is hispanic, making up 2.7% of the population. Foreign-born residents account for 3.6% of the population in Cazenovia, NY, and this percentage has increased by 2.9% 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 | 92.4% | -0.2% |
% Black | 1.2% | -60.0% |
% Hispanic | 2.7% | -6.9% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 3.6% | 2.9% |
Mortgage and Risk — Cazenovia, NY
According to HUD data as of 2023, there were 100 mortgage originations in Cazenovia, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Cazenovia, NY. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Cazenovia, NY
As of 2024, the percent of homes in Cazenovia, NY under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cazenovia, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,350 | $1,230 |
| 2 Bedroom | -$90 | $1,600 | $1,510 |
| 3 Bedroom | -$50 | $1,900 | $1,850 |
| 4 Bedroom | -$1,420 | $3,500 | $2,080 |
Affordability — Cazenovia, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $386,000 |
| Median Household Income | $111,000 |