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These days, finding an affordable place to live in the Cortland area can be challenging. Home prices in Cortland are now at a median cost of $196,715, lower than the Indiana average of $232,932.
The average cost of rent is $1,150/mo in Cortland, primarily driven by the current value of real estate in the Cortland area. In Cortland, 15.77% of households rent, and 42.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cortland is $6,615 per month. Households that rent pay about 17.39% of their income on rent here. Cortland’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bobtown, IN: higher priced homes
- Little Acre, IN: higher priced homes
- Seymour, IN: equally priced homes
- Hangman Crossing, IN: higher priced homes
- New Elizabethtown, IN: higher priced homes
- Surprise, IN: equally priced homes
- Spraytown, IN: higher priced homes
- Jonesville, IN: equally priced homes
- Shields, IN: higher priced homes
- Mount Healthy, IN: higher priced homes
Cities with Similar Populations
- Henshaw, KY: less expensive homes
- Clayton, SC: less expensive homes
- West Martinsburg, NY: equally priced homes
- Clear, AK: higher priced homes
- Clements, KS: less expensive homes
- Cloudland, GA: higher priced homes
- East View, PA: equally priced homes
- Club Springs, TN: higher priced homes
- Coal City, PA: less expensive homes
- Cochecton Center, NY: higher priced homes
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