Home Values

Town of Otego 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

$117,000

  • -0.8% 1-year change
  • None 1-year forecast

The median home value in Town of Otego is $117,000. Town of Otego home values have declined -0.8% over the past year. The median price of homes currently listed in Town of Otego is $139,900.

Foreclosures will be a factor impacting home values in the next several years. In Town of Otego 217.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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 Town of Otego is 3.9%, 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 Town of Otego homeowners underwater on their mortgage is 14.2%.

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Relative ZHVI
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Town of Otego Market Overview

Data through Sep 30, 2014
  • $117,000 ZHVI
  • No data 1-yr forecast
  • $139,900 Median listing price
  • No data Median sale price
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Town of Otego Market Health

Data through Sep 30, 2014
  • 1.7/10 Less 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
  • 14.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Hartwick $146,000
West End $120,200
Butternuts $114,600
Name Median ZHVI
Town of Oneonta $112,200
Town of Laurens $106,400
Guilford $87,600
Name Median ZHVI
Town of New Berlin $82,300
 
 

Listings & Sales

Data through Sep 30, 2014
  • $90 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 43.8% Listings with price cut
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Town of Otego Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,560 Town of Otego
    $1,494 Oneonta Metro
    $1,335 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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