41 / 100

Otsego County, NY

Oneonta

RANK #579 / 996 NAT  ·  #37 / 45 NY  ·  POP 59,678

1YR FORECAST: +2.1%

5YR OUTLOOK: +22%

Otsego County's housing market is projected to grow +2.1% over the next year, below the national average.

[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] Top Employers

  1. 1
    Bassett Healthcare Network Healthcare
    2,500+
  2. 2
    SUNY Oneonta Education
    1,000+
  3. 3
    Hartwick College Education
    250+
  4. 4
    NYCM Insurance Finance
  5. 5
    A.O. Fox Memorial Hospital Healthcare
  6. 6
    Otsego County Government Government
  7. 7
    The Arc Otsego Other
  8. 8
    Opportunities for Otsego Other
  9. 9
    Price Chopper/Market 32 Retail
  10. 10
    Walmart Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
33.7%
of residents (national avg: 33%)

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] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.6
per 100K · nat avg 6.3
Firearm Fatalities
7.8
per 100K · nat avg 14.8
Injury Deaths
70.1
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Otsego County scores 41/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#579). Median household income is $65,778 and job growth is running at +2.4%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Otsego County affordable?

By national standards, Otsego County is quite affordable. Homes here have a median value of $166,500, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $927/month. Residents can generally buy a home without being cost-burdened.

Is Otsego County growing or shrinking?

Otsego County is growing on multiple fronts. Population is up +1.2% year-over-year while employers added jobs at a +2.4% clip. Home values shifted -1.3% in the past year.

Are people moving to Otsego County?

In significant numbers — 5.17% of Otsego County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Putnam County, NY 40 Richmond County, NY 38 Westchester County, NY 38 Dutchess County, NY 46 Erie County, NY 46 Livingston County, NY 46 Mercer County, WV 41 Henry County, VA 41