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These days, finding an affordable place to live in the Otego area can be challenging. Home prices in Otego are now at a median cost of $193,339, lower than the New York average of $610,895.
The average cost of rent is $968/mo in Otego, primarily driven by the current value of real estate in the Otego area. In Otego, 22.21% of households rent, and 58.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otego is $6,520 per month. Households that rent pay about 14.85% of their income on rent here. Otego’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otsdawa, NY: equally priced homes
- Leonta, NY: less expensive homes
- Wells Bridge, NY: equally priced homes
- North Franklin, NY: less expensive homes
- West Oneonta, NY: less expensive homes
- Franklin, NY: equally priced homes
- Maple Grove, NY: equally priced homes
- Treadwell, NY: higher priced homes
- West End, NY: equally priced homes
- Oneonta, NY: equally priced homes
Cities with Similar Populations
- Wyoming, RI: higher priced homes
- Pine Mountain Lake, CA: higher priced homes
- Smithdale, MS: less expensive homes
- Omaha, AR: higher priced homes
- South Royalton, VT: higher priced homes
- Mount Vernon, GA: less expensive homes
- Tenaha, TX: less expensive homes
- Three Oaks, MI: higher priced homes
- Lost Hills, CA: higher priced homes
- Kimball, MN: higher priced homes
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