Cortland, OH—44410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cortland, OH
As of Nov '25, the median home price in Cortland, OH is $222,000, with a year-over-year change of 5.6%. This indicates that home prices in Cortland, OH are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | 5.6% |
| Single Family | $238,000 | 5.3% |
| Condos | $151,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 6.9% |
3 Bed | $229,000 | 6.0% |
4 Bed | $306,000 | 5.9% |
| 5 Bed | $322,808 | 4.8% |
% of Housing Stock
Rental Trends — Cortland, OH
As of July '25, Rentcast reports the average rent in Cortland, OH is $1,320, with a year-over-year rent change of 21.1%. Per bedroom, the median rent as of July '25 in Cortland, OH is 1-bedrooms: $725, 2-bedrooms: $1,020, 3-bedrooms: $1,900, 4-bedrooms: $2,000. The most common rental property sizes in Cortland, OH are 2-bedroom and 1-bedroom, accounting for 55.8% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $725 |
| 2 Bed Rent | $850 | $1,020 |
| 3 Bed Rent | $1,750 | $1,900 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Cortland, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Cortland, OH is 50. This is a increase of 35.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 15.0% |
Listing Count | 59 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 50 | 35.0% |
Demographics — Cortland, OH
As of the latest ACS Survey released in 2023, Cortland, OH has a population of 16,500, which has decreased by -1.4% over the past 5 years. Cortland, OH is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | -1.4% |
% Under 18 | 19.1% | 24.0% |
% Seniors | 26.0% | 11.6% |
% WFH | 7.5% | 102.7% |
% w/ College Degree | 29.4% | 20.5% |
As of the latest ACS Survey released in 2023, Cortland, OH is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Cortland, OH is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.5% of the population in Cortland, OH, and this percentage has decreased by 11.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.9% | -2.5% |
% Black | 0.9% | -52.6% |
% Hispanic | 1.3% | 8.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.5% | -11.8% |
Mortgage and Risk — Cortland, OH
According to HUD data as of 2023, there were 402 mortgage originations in Cortland, OH, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cortland, OH. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 402 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Cortland, OH
As of 2024, the percent of homes in Cortland, OH under the Section 8 program is 1.0%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cortland, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $625 | $700 |
| 2 Bedroom | $30 | $850 | $880 |
| 3 Bedroom | -$580 | $1,750 | $1,170 |
| 4 Bedroom | -$760 | $2,000 | $1,240 |
Affordability — Cortland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $222,000 |
| Median Household Income | $63,200 |