Owego, NY—13827
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Owego, NY
As of Oct '25, the median home price in Owego, NY is $194,000, with a year-over-year change of 2.2%. This indicates that home prices in Owego, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 2.2% |
| Single Family | $193,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 0.7% |
3 Bed | $187,000 | 1.6% |
4 Bed | $245,000 | 2.9% |
| 5 Bed | $274,000 | 3.8% |
% of Housing Stock
Rental Trends — Owego, NY
As of July '25, Rentcast reports the average rent in Owego, NY is $1,090, with a year-over-year rent change of -18.0%. Per bedroom, the median rent as of July '25 in Owego, NY is 1-bedrooms: $725, 3-bedrooms: $1,450. The most common rental property sizes in Owego, NY are 2-bedroom and 1-bedroom, accounting for 40.6% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $1,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Owego, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Owego, NY is 70. This is a increase of 12.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $204,000 | 0.0% |
Listing Count | 41 | 26.0% |
| Listings as % of Homes | 0.6% | 26.0% |
Days on Market | 70 | 12.0% |
Demographics — Owego, NY
As of the latest ACS Survey released in 2023, Owego, NY has a population of 11,700, which has increased by 3.5% over the past 5 years. Owego, NY is a moderately popular place for families, as children make up 23.3% 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 some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 3.5% |
% Under 18 | 23.3% | 42.9% |
% Seniors | 22.0% | -9.1% |
% WFH | 13.9% | 631.6% |
% w/ College Degree | 28.6% | 3.2% |
As of the latest ACS Survey released in 2023, Owego, NY is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Owego, NY is hispanic, making up 2.1% of the population. Foreign-born residents account for 2.0% of the population in Owego, NY, and this percentage has increased by 5.3% 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 | 92.7% | -0.3% |
% Black | 0.9% | 12.5% |
% Hispanic | 2.1% | -25.0% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 2.0% | 5.3% |
Mortgage and Risk — Owego, NY
According to HUD data as of 2023, there were 213 mortgage originations in Owego, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Owego, NY. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 213 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Owego, NY
Owego, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 136 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $725 | $950 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | $100 | $1,450 | $1,550 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Owego, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $194,000 |
| Median Household Income | $70,800 |