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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oneonta, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oneonta, NY Housing Market Trends

With a population of 15,518, 4,495 total housing units (homes and apartments), and a median house value of $238,082, house prices in Oneonta are solidly below the national average.

Single-family detached homes are the single most common housing type in Oneonta, accounting for 41.59% of the city's housing units. Other types of housing that are prevalent in Oneonta include duplexes, homes converted to apartments or other small apartment buildings ( 38.32%), large apartment complexes or high rise apartments ( 19.37%).

Oneonta is dominated by renter-occupied one, two, or no bedrooms apartments. 65.38% of Oneonta's dwellings are rentals.

The housing in Oneonta was primarily built before 1939 ( 56.12%), making the housing stock in Oneonta some of the oldest overall in America, although there is a range of ages of homes in Oneonta. The next most important housing age is between 1940-1969 ( 26.69%), followed by between 1970-1999 ( 15.69%). There's also some housing in Oneonta built between 2000 and later ( 1.49%).

Vacant housing appears to be an issue in Oneonta. Fully 20.12% of the housing stock is classified as vacant. Left unchecked, vacant Oneonta homes and apartments can be a drag on the real estate market, holding Oneonta real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oneonta Home Appreciation Rates

Oneonta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oneonta during the period has been just 4.66%, which is lower than 80% of US communities.

Appreciation rates are so strong in Oneonta that despite a nationwide downturn in the housing market, Oneonta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oneonta appreciation rates continue to be some of the highest in America, at 8.56%, which is higher than appreciation rates in 89.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oneonta. Oneonta appreciation rates in the latest quarter were at 4.61%, which equates to an annual appreciation rate of 19.76%.

Importantly, this makes Oneonta one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New York, our data show that Oneonta's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oneonta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oneonta - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oneonta real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$238,082

Oneonta, NY Home Prices
> $1,410,000
$1,058,001 - $1,410,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.1%
0.1%
3.8%
3.8%
0.3%
0.3%
3.8%
3.8%
30.9%
30.9%
52.8%
52.8%
6.2%
6.2%
2.0%
2.0%
0% 100.0%
% of Homes
Low

for New york

Average

for nation

Number of Homes And Apartments:

4,495

Oneonta Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,380 / per month

Homeownership Rate

Owners
Renters
34.6%
34.6%
65.4%
65.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.1%
20.1%
79.9%
79.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.5%
1.5%
15.7%
15.7%
26.7%
26.7%
56.1%
56.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.6%
41.6%
0.7%
0.7%
38.3%
38.3%
19.4%
19.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.7%
5.7%
18.4%
18.4%
25.1%
25.1%
32.5%
32.5%
13.6%
13.6%
4.7%
4.7%
0% 100.0%
% of Homes