Otsego County Home Prices & Values

$127,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.4% 1-year change
  • No data 1-year forecast

The median home value in Otsego County is $127,200. Otsego County home values have gone up 15.4% over the past year. The median list price per square foot in Otsego County is $100, which is the same as the Oneonta Metro average of $100. The median price of homes currently listed in Otsego County is $165,000 while the median price of homes that sold is $107,848.

Foreclosures will be a factor impacting home values in the next several years. In Otsego County 1.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Otsego County is 7.3%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Otsego County homeowners underwater on their mortgage is 16.4%.

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Relative ZHVI
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Otsego County Market Overview

Data through Jun 30, 2014
  • $127,200 ZHVI
  • No data 1-yr forecast
  • $165,000 Median listing price
  • $107,848 Median sale price (May 31, 2014)
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Otsego County Market Health

Data through Jun 30, 2014
  • 9.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 16.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.8 homes Otsego County
4.3 homes United States
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Cities in Otsego County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Otsego $183,300 Hartwick $157,600 West End $135,400
Town of Laurens $123,300 Town of Oneonta $117,800 Maryland $115,900

Listings & Sales

Data through Jun 30, 2014
  • $100 Median list price / sq ft
  • $83 Median sale price / sq ft (May 31, 2014)
  • 24.8% Listings with price cut
26.7%
Sold below listing
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Otsego County Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,450 Otsego County
$1,450 Oneonta Metro
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No recent data Rent list price / sq ft
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