Otsego County, New York home prices
Typical home $220,102 · +5.5% in a year · property tax 1.7%
The typical home in Otsego County is worth $220,102, 58% less than the New York typical home ($524,942). Values changed +5.5% in the past year and +27.6% over five years. Homeowners here pay a median 1.7% of their home's value in property tax each year ($3,737 on the typical home), versus 1.42% statewide.
Mortgage on the typical Otsego County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,020 | $176,081 | $1,185 | $0 | $421 | $1,606 | $68,800 |
| 10% down | $22,010 | $198,091 | $1,333 | $83 | $421 | $1,837 | $78,700 |
| 5% down | $11,005 | $209,096 | $1,407 | $87 | $421 | $1,915 | $82,100 |
| 3.5% down (FHA) | $7,704 | $216,115 | $1,454 | $97 | $421 | $1,973 | $84,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.7% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York · part of the Oneonta metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wyoming County | $214,905 | +5.6% | 2.25% |
| Seneca County | $225,973 | +5.9% | 2.19% |
| Montgomery County | $213,640 | +3.3% | 2.46% |
| Genesee County | $227,342 | +5.7% | 2.41% |
| Fulton County | $228,431 | +7.4% | 2.06% |
| Clinton County | $230,451 | +6.0% | 2% |
| Cortland County | $209,513 | +6.3% | 2.56% |
| Tioga County | $209,229 | +7.8% | 2.33% |
| Oswego County | $208,964 | +7.3% | 2.4% |
| Orleans County | $207,563 | +8.1% | 2.72% |
Frequently asked questions
What is the average home price in Otsego County, NY?
The typical home value in Otsego County is $220,102 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Otsego County?
About $68,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Otsego County?
The median effective rate is 1.7% of home value a year (Census ACS 2024 5-year estimates).