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Otsego County, NY

RANK #142 / 996  ·  POP 59,678  ·  NY

PROJECTED GROWTH: +2.5%

Otsego County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Otsego County?

Otsego County, New York, is often recognized for Cooperstown, a village known as the unofficial birthplace of baseball and home to the National Baseball Hall of Fame and Museum. Located in central New York, west of Albany, the county offers a blend of rural landscapes and cultural attractions. Commuting options include Interstate 88 and various state routes, with bus services connecting communities like Oneonta and Cooperstown. The region's natural beauty, including Otsego Lake, provides opportunities for hiking, biking, paddling, and winter sports.

Life in Otsego County balances small-town community with access to educational and healthcare institutions. Residents often own their homes, and the area is home to both young professionals and retirees. The economy is supported by healthcare, with Bassett Medical Center being a major employer, and educational services, anchored by SUNY Oneonta and Hartwick College. Recent economic developments include investments in tourism, agribusiness, and infrastructure, with a focus on improving local facilities and supporting manufacturing.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+3.4%

Above national median

Home Prices
-1.3%

Prices declining

Climate & Terrain
-0.8

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Otsego County U.S. National

The Numbers

DEMOGRAPHICS
Population
59,678
+1.23% YoY
Median Household Income
$65,778
Median Home Value
$166,500
-1.29% 12mo
Median Rent
$927
Average Annual Pay
$60,346
+4.2% YoY
Employment
22,197
+2.4% YoY
Income-to-Home-Value
0.3951
More affordable than average
Migration Inflow
5.17%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$269,950
Days on Market
87
Slower market
Months of Supply
5.0
Buyer's market
Sale-to-List Ratio
92.9%
Negotiation room for buyers
Sold Above List
20.0%
Listings w/ Price Drops
12.7%
Building Permits (2024)
123
Single-Family Permits
123

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$200M
TOTAL
PROJECT AMOUNT STATUS
45th Parallel Solar Project
RWE Renewables
$200M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.4% 64 percentile
Population Growth +1.2% 77 percentile
Income Growth +8.7% 55 percentile
Vacancy Rate 1.6% 17 percentile
Home Price Change -1.3% 19 percentile
Rent Growth +16.7% 99 percentile
Price/Rent 11x 85 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Otsego County, NY a good place to move to?

Otsego County has a Boom Town Index score of 86/100, ranking #142 among 996 U.S. counties. With job growth at +2.4% and a median household income of $65,778, it's an above-average county on economic indicators.

Is Otsego County affordable?

The median home value in Otsego County is $166,500 with median rent at $927/month. The income-to-home-value ratio is 0.3951, which is more affordable than the national average.

Is Otsego County growing or shrinking?

Population growth: +1.2% year-over-year. Job growth: +2.4%. Home values changed -1.3% in the past 12 months.

Are people moving to Otsego County?

Yes — 5.17% of Otsego County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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