Cortland, NY home prices
Typical home $209,504 · +6.3% in a year · income needed $72,000
The Cortland, NY metro area ranks 605 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.3% in a year and +35.5% over five years. With 20% down at 7.11%, the typical home costs about $1,679 a month including 2.56% property tax (Cortland County rate).
Mortgage on the typical Cortland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $41,901 | $167,603 | $1,127 | $0 | $552 | $1,679 | $72,000 |
| 10% down | $20,950 | $188,553 | $1,268 | $79 | $552 | $1,899 | $81,400 |
| 5% down | $10,475 | $199,028 | $1,339 | $83 | $552 | $1,973 | $84,600 |
| 3.5% down (FHA) | $7,333 | $205,709 | $1,384 | $93 | $552 | $2,028 | $86,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.56% 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.
Counties in the Cortland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cortland County, NY | $209,513 | +6.3% | 2.56% |
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Frequently asked questions
How much is a house in Cortland?
The typical home in the Cortland, NY metro area is worth $209,504 (Zillow, September 2026).
What salary do you need to buy a house in Cortland?
About $72,000 a year for the typical home with 20% down at 7.11%.