Cortland, NY Real Estate
According to census data in the year 2000 there were 7,550 housing units in Cortland.
This represents a 3.7% growth from 7,279 in 1990.
Of those housing units, 7,550 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cortland is about 43.7%.
Cortland's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Cortland were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 21.30% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 31.70% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $71,000 |
| Median Price asked for vacant units | $63,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $361 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 7% |
| Simple Mortgage | 53% |
| Debt Free | 34.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
