Otego, NY Real Estate
According to census data in the year 2000 there were 430 housing units in Otego.
This represents a 3.4% growth from 416 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 430 were located in what is classified as a rural area.
Homeownership rate in Otego is about 69.4%.
Otego's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Otego were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.20% |
| Two Bedrooms | 20% |
| Three Bedrooms | 43.70% |
| Four Bedrooms | 19.50% |
| Five Bedrooms or more | 6.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $81,600 |
| Median Price asked for vacant units | $58,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $383 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.60% |
| Home Equity Loan | 10.70% |
| Simple Mortgage | 53.90% |
| Debt Free | 33.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
