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County in New York

Cortland County, New York

Cortland County, in New York, has 46,246 residents: No. 52 of 62 by population. Cortland County has an FHA limit of $541,287 for one-unit homes. The typical home value here is $162,100. HUD's Fair Market Rent for a 2-bedroom apartment is $1,171 a month; to pay it without spending more than 30% of your income, you need to earn about $22.52 an hour.

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  • Typical home price

    $162,100

    −62% vs. New York −51% vs. U.S.

    Half of owner-occupied homes are worth more and half are worth less.

    • Cortland
    • New York
    • United States

    Source: U.S. Census Bureau, Average 2020–2024

  • Fair market rent, 2 bedrooms

    $1,171 a month

    −51% vs. New York −33% vs. U.S.

    HUD's reference rent for a two-bedroom apartment, with basic utilities.

    • Cortland
    • New York
    • United States

    Source: HUD, Fiscal year 2027

  • FHA limit 2026, 1 unit

    $541,287

    FHA national floor limit

    The most you can borrow with an FHA loan for a one-unit home here.

    • Cortland
    • Floor
    • Ceiling

    Source: HUD, 2026 data

  • Property tax

    2.56% of value per year

    +65% vs. New York +172% vs. U.S.

    $4,149 a year for the typical owner

    • Cortland
    • New York
    • United States

    Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$209,513
6.3% more than 12 months ago
Typical rent
$1,150 a month
9.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Data from October 2026

In short

What is housing like in Cortland County today?

The monthly payment on a typical home with FHA would be about $1,563, that is, 27% of the typical household income in Cortland County. Homes here are worth 62% less than the average across New York. Here 66% of households live in a home they own; across New York it is 54%. The typical property tax is $4,149 a year (about 2.56% of home value), lower than in New York.

Renting is a stretch: 50% of renters put 30% or more of their income toward housing. There are 3 agencies with HUD-approved housing counselors who speak Spanish near here.

Sources: U.S. Census Bureau (Average 2020–2024); HUD (Retrieved November 6, 2026).

Only here

What sets Cortland County apart

  1. Cortland County has the 5th highest effective property tax rate of the 62 counties in New York (2.56%).

  2. From 2020 to 2025, home prices in Cortland County rose 55% on FHFA's index, faster than in New York (52%).

  3. 6% of homes in Cortland County (950) are in FEMA's high-risk flood zone, and only 21% of those carry NFIP flood insurance.

Sources: U.S. Census Bureau (Average 2020–2024); FHFA (2025 data); FEMA (As of August 3, 2026).

The homes here

Housing in Cortland County

What homes there are in Cortland County, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Cortland County, 6 in 10 homes are single-family detached houses; in New York, 4.

There are more mobile homes here than in New York: 8% of homes, against 2%.

Year built

By age, homes in Cortland County look like those in New York: the typical year built is 1961.

Homes in Cortland County are bigger: 63% have 3 bedrooms or more; in New York, 49%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Cortland County sit under the FHA limit for this county ($541,287): about 95%.

Monthly rent with utilities

About 63% of rented homes in Cortland County cost less than HUD's 2-bedroom fair market rent for this county ($1,171); the rest cost more.

With a mortgage

$1,537 a month

New York: $2,555 a month

Without a mortgage

$641 a month

New York: $958 a month

Owners with a mortgage

54%

New York: 58%

Owning costs less in Cortland County: with a mortgage, the typical cost is $1,537 a month; in New York, $2,555. Without one, $641.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Cortland County gained value more slowly than in New York: 31% since 2015–2019, against 35%.

The typical rent in Cortland County rose 27% since 2015–2019, about the same as in New York (27%).

To compare: typical income in Cortland County rose 26%; the home, +31%; the rent, +27%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCortland CountyNew YorkUnited States
Rental vacancy Unreliable estimate3.8%5.5%
Homeowner vacancy Unreliable estimate1.1%0.9%
More than one person per room Unreliable estimate5.3%3.4%
People per household 2.242.492.53
Drive alone 72%49%69%
Carpool 12%6%9%
Public transit Unreliable estimate22%3%
Walk or bike 6%6%3%
Work from home 8%15%15%
Other means 1%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes

Households in Cortland County are smaller: 2.24 people on average; in New York, 2.49.

Carpooling is common in Cortland County: 12% of workers get to work that way, against 6% in New York.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month in Cortland County?

A typical home is within reach of the typical income

We start with a typical home of $162,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income here, which is $70,418 a year.

Your numbers

Local data
$

Starts at the typical home value in Cortland County. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,674 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,563

at 7.18% · 30 years

Loan amount
$159,163
Total interest
$228,999
Paid off in
November 2056

Includes $2,737 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,643 a month

    Your payment · 27%

  • Tight

    $1,643 to $2,113 a month

  • Hard

    more than $2,113 a month

Compared with the typical household income in Cortland County ($70,418 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,563
Principal & interest$1,078
Property tax$346
Home insurance$68
FHA mortgage insurance (MIP)$72

You need at least $5,674 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

Buying a home

Buying a home in Cortland County

Here you'll see how prices have changed, how Cortland County compares with New York and the country, and what you'd pay each month with four kinds of loans.

How have home prices changed?

According to the FHFA House Price Index, home prices in Cortland County rose 76% in the 10 years through 2025. FHFA's index follows the price of the same homes over the years.

Period Here New York United States
In 2025 +9.9% +6.0% +2.9%
5 years (2020–2025) +55% +52% +47%
10 years (2015–2025) +76% +86% +85%
See each year's change

The index follows the prices of the same homes over time (sales and appraisals on loans bought or guaranteed by Fannie Mae and Freddie Mac). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cortland County compared with New York and the United States

Home value, rent and household income, side by side. "Typical" is the median: half are above it and half below.

Typical home value
  • Cortland $162,100
  • New York $423,800
  • United States $332,700
Typical rent a month
  • Cortland $984
  • New York $1,621
  • United States $1,413
Typical household income a year
  • Cortland $70,418
  • New York $85,974
  • United States $80,734
See the full table
Cortland compared with New York and the United States
MeasureHereNew YorkU.S.
Residents46,24619,852,366334,922,499
Typical home value$162,100$423,800$332,700
Typical household income$70,418$85,974$80,734
Typical rent$984$1,621$1,413
Fair Market Rent (2 bedrooms)$1,171$2,402$1,750
Hourly wage to rent a 2-bedroom$22.52$46.19$33.65
Typical property tax$4,149$6,582$3,119
Effective tax rate2.56%1.55%0.94%
Households that own their home66%54%65%
Renters spending 30% or more on rent50%52%51%
FHA limit (1 unit)*$541,287$541,287$541,287

FHA limit: New York shows the median of its counties; the United States, the national floor. Download CSV

Four ways to pay for a typical home in Cortland County

For a typical $162,100 home at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, the county's property tax, an example homeowners insurance and mortgage insurance when it applies.

Loan Monthly payment Down payment Loan amount Rate Mortgage insurance Cash to close Minimum score
FHA, 3.5% down $1,563 $5,674 $159,164 7.18% FHA MIP · $72 $10,537 580
Conventional, 5% down $1,534 $8,105 $153,995 7.18% PMI · $77 $12,968 620*
Conventional, 20% down, no PMI $1,292 $32,420 $129,680 7.18% None $37,283 620*
ITIN, 15% down (example) $1,442 $24,315 $137,785 8.18% None $29,178 Set by the lender
  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Closing costs

Loan limits

FHA loans in Cortland County use the national floor limit: it isn't a high-cost area. If the loan you need is above these amounts, it doesn't fit FHA or it becomes a "jumbo" loan.

VA loans. If you have full VA entitlement, VA doesn't cap the loan amount. If you've used part of your entitlement, the calculation uses the county limit ($832,750 for one unit). VA loan limits (va.gov)

USDA loans. They're for homes in eligible rural areas and households with incomes within USDA's limit. Check whether the address and your income qualify on the official site. USDA eligibility (usda.gov)

Home type FHA limit Conforming limit
1 unit $541,287 $832,750
2 units $693,050 $1,066,250
3 units $837,700 $1,288,800
4 units $1,041,125 $1,601,750

Source: HUD, 2026 data · Source: FHFA, 2026 data

Taxes and risks

Property tax and flooding in Cortland County

Two costs that change a lot from place to place and that a house payment does include: property tax and, in risk zones, flood insurance.

Property tax

In Cortland County, the typical owner pays $4,149 a year: about 2.56% of the home's value. That is more than the rest of New York and more than the national average.

  • Cortland 2.56%
  • New York 1.55%
  • United States 0.94%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Is there a flood risk?

According to FEMA, in Cortland County 5.6% of homes (950) are in a high-risk flood zone. Of those homes, 21% have NFIP flood insurance.

  • A high-risk zone (Special Flood Hazard Area) has a 1% or greater chance of flooding each year. (44 CFR 59.1)
  • If the home is in that zone and the loan comes from a regulated lender, federal law requires flood insurance for the life of the loan, in communities that take part in the NFIP. (42 U.S.C. 4012a)
  • Most homeowners insurance does not cover flood damage. (FEMA, FloodSmart)

Source: FEMA, As of August 3, 2026

Look up your address on FEMA’s map

Owning a home here

Owning a home in Cortland County

The natural hazards FEMA measures in Cortland County, a maintenance plan for your climate and what the trades earn in your area.

Risks to your home

FEMA, National Risk Index 1.20.0 (December 2025)

FEMA rates the natural hazard risk in Cortland County as relatively low.

FEMA builds that rating from three parts: expected loss, social vulnerability and community resilience.

The loss FEMA expects each year in Cortland County from all natural hazards is $17.1 million, counting buildings, people and crops.

The hazard that would do the most damage to homes and buildings here is inland flooding: about $14.4 million a year.

Loss FEMA expects each year to homes and buildings, by hazard
  1. Inland floodingRelatively low $14.4 million a year
  2. TornadoRelatively low $201,284 a year
  3. HurricaneRelatively low $150,284 a year
  4. EarthquakeVery low $126,842 a year
  5. Winter weatherRelatively low $10,990 a year

What it means for your home

The ratings are FEMA's own. FEMA says its data is meant for planning and does not replace a local study. Drought is not shown: FEMA counts its loss in crops only.

National Risk Index, version 1.20.0 (December 2025), retrieved November 6, 2026

FEMA notice: This product uses the Federal Emergency Management Agency's National Risk Index dataset API or downloadable datasets but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s).

Climate and upkeep

Department of Energy (PNNL), 2021 IECC zones

Cortland County is climate zone 5A in the home energy code (IECC): cold.

The zone's number says how hot or cold it gets; the letter says how humid: A is moist, B is dry and C is marine.

  • Spring

    • Book the air conditioner's check-up before the heat: ENERGY STAR advises checking the cooling system in the spring, because contractors get busy once summer comes. ENERGY STAR (EPA)
    • Clean and repair the roof gutters. EPA

  • Summer

    • Seal the air ducts that run through the attic, crawlspace, basement or garage with duct mastic or foil tape, then wrap them in insulation. ENERGY STAR (EPA)
    • Check that the ground slopes away from the house, so water does not collect around the foundation. EPA

  • Fall

    • Book the heating check-up in the fall. If it runs on gas or oil, the technician should check the connections: faulty ones are a fire hazard. ENERGY STAR (EPA)
    • Seal air leaks and add insulation in the attic: ENERGY STAR says it lowers the chance of ice dams on the roof in snowy climates. ENERGY STAR (EPA)

  • Winter

    • Get the house ready for the cold with insulation, caulking and weather stripping, and learn how to keep pipes from freezing. Ready.gov (FEMA)
    • Put clear plastic film over the windows: it is inexpensive, cuts drafts, helps the house feel warmer in winter and reduces moisture on the glass. ENERGY STAR (EPA)

All year

  • Check the air filter every month, especially in heavy-use months. If it looks dirty, change it; change it at least every 3 months. ENERGY STAR (EPA)
  • Test the smoke alarms every month and replace their batteries at least once a year. USFA (FEMA)

Each task comes from the official page beside it. The spring air-conditioning and fall heating check-ups are the timing ENERGY STAR advises; the rest is a suggested order.

Climate zones by county, 2021 IECC

What the trades charge here

BLS, wages for May 2025

TradeTypical hourly wage8 in 10 earn between
Electricians$31.18$21.58 and $47.27
Plumbers, pipefitters and steamfitters$28.39$19.97 and $45.43
Heating, air conditioning and refrigeration mechanics$28.37$18.30 and $38.10
Carpenters$26.80$22.10 and $38.74
Painters, construction and maintenance$22.96$18.42 and $40.33
Maintenance and repair workers, general$23.15$16.61 and $33.98

In the Central East New York nonmetropolitan area, half of electricians earn more than $31.18 an hour and half earn less; for a plumber, the typical figure is $28.39.

These are workers' hourly wages, not the price of a job.

BLS publishes no wages for roofers in this area.

Need help paying for a repair?

Renting

Renting in Cortland County

The typical rent in Cortland County is $984 a month. HUD also publishes a “fair market rent” by unit size: it's the one programs like Section 8 use.

50% of renter households in Cortland County spend 30% or more of their income on housing. 29% spend half or more.

Fair market rent by size

To pay the fair market rent without spending more than 30% of income, working full time (40 hours a week).

Size Fair rent a month Hourly wage Income needed per year
Studio $934 $17.96 $37,360
1 bedroom $940 $18.08 $37,600
2 bedrooms $1,171 $22.52 $46,840
3 bedrooms $1,473 $28.33 $58,920
4 bedrooms $1,957 $37.63 $78,280

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Free help in Cortland County

Programs and counseling in Cortland County

We didn't find HUD-approved agencies with an office in this county. These are the 6 nearest; many serve by phone or online.

Official programs for the down payment and loans for buyers. Check which ones you might qualify for with your income and your county.

Two apartment buildings with fire escapes in Harlem, New York City.

HUD counseling is free or low-cost

New York down payment programs

  1. SONYMA Down Payment Assistance Loan (DPAL)

    SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York

    The source does not say whether you must be a first-time buyer. Run by State of New York Mortgage Agency (SONYMA).

    Forgivable Verified November 5, 2026

  2. Achieving the Dream

    SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment

    First-time buyers only. Run by State of New York Mortgage Agency (SONYMA).

    Forgivable Verified November 5, 2026

Which programs do I qualify for? See all New York programs

Help in Spanish in Cortland County

3 of the 6 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Public housing agencies

HUD lists no public housing authority based in Cortland County. The authority of a nearby county or the state may serve this area.

Free legal help

If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.

Find legal aid (lsc.gov)

Housing counseling nearby

These are the nearest agencies, with the distance in miles. Many help by phone or online. Official HUD list. Confirm hours and fees with the agency before you go.

  • Ithaca Neighborhood Housing Services, Inc.

    115 W Clinton St, Ithaca · 24 miles away · Spanish

    Also serves in French.

    • Workshops for new owners
    • Pre-purchase counseling
    • and 1 more
    (607) 277-4500

  • Opportunities for Chenango, Inc.

    44 W Main St, Norwich · 28 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (607) 334-7114

  • Syracuse Cooperative Federal Credit Union

    1816 Erie Blvd E, Syracuse · 32 miles away · Spanish

    Also serves in Swahili.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (315) 476-5290
See every agency in New York

Places

Cities in Cortland County

This site has no city pages of Cortland County. The neighboring counties are below.

See all 1 cities of Cortland County

Nearby counties

Each row compares its typical value, typical rent and FHA limit with Cortland County.

Read next

Guides that help here

We picked them by this county's numbers: what weighs most here is what's worth understanding first.

Frequently asked questions

What is the FHA loan limit in Cortland County in 2026?

Cortland County has an FHA limit of $541,287 for a one-unit home. For 2 units it's $693,050, for 3 it's $837,700 and for 4 it's $1,041,125. It's the national floor limit.

What is the conforming loan limit in Cortland County?

Cortland County has a conforming limit of $832,750 for one-unit conventional loans in 2026. A bigger loan is a “jumbo” loan.

How much does a typical home cost in Cortland County?

The typical home value in Cortland County is $162,100 (Average 2020–2024, U.S. Census). Across New York it's $423,800.

How much does it cost to rent in Cortland County?

Cortland County has a typical rent of $984 a month (Average 2020–2024, U.S. Census). HUD's fair market rent for a 2-bedroom apartment is $1,171 (Fiscal year 2027).

How much do you need to earn to rent a 2-bedroom apartment in Cortland County?

About $22.52 an hour working full time (2,080 hours a year), or $46,840 a year, so the fair market rent of $1,171 stays under 30% of income.

Sources: American Community Survey (Average 2020–2024); FHA mortgage limits (2026 data); Conforming loan limits (2026 data); Fair Market Rents (Fiscal year 2027); Income Limits (Fiscal year 2026); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (As of November 5, 2026); FHFA House Price Index (2025 data); Homes with flood insurance (As of August 3, 2026); National Risk Index (2025 data); IECC climate zones by county (2021 data); Occupational Employment and Wage Statistics (2025 data); Census Bureau cartographic boundary files (2024 data).