Home Values

Otsego County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$118,700

  • 4.2% 1-year change
  • None 1-year forecast

The median home value in Otsego County is $118,700. Otsego County home values have gone up 4.2% over the past year. The median list price per square foot in Otsego County is $99, which is the same as the Oneonta Metro average of $99. The median price of homes currently listed in Otsego County is $159,000 while the median price of homes that sold is $100,565. The median rent price in Otsego County is $850, which is the same as the Oneonta Metro median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Otsego County 4.3 homes are foreclosed (per 10,000). This is the same as 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 6.1%, which is lower than the national value of 6.9%. 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 14.7%.

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Relative ZHVI
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Otsego County Market Overview

Data through Aug 31, 2014
  • $118,700 ZHVI
  • No data 1-yr forecast
  • $159,000 Median listing price
  • $100,565 Median sale price
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Otsego County Market Health

Data through Aug 31, 2014
  • 7.5/10 Very healthy
    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 days on Zillow
  • 14.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.3 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
West End $120,700 Town of Oneonta $114,000 Town of Laurens $113,900
Maryland $94,900 Richfield Springs $93,900  

Listings & Sales

Data through Aug 31, 2014
  • $99 Median list price / sq ft
  • $73 Median sale price / sq ft (Jul 31, 2014)
  • 30.2% Listings with price cut
14.9%
Sold below listing
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Otsego County Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,474 Otsego County
    $1,474 Oneonta Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • $0.72 Rent list price / sq ft
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