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Market MapCortland, NY
Metropolitan Area

Cortland, NY

New York0
74
/100
Buy
#112 of 894 metros
Top 12% nationally for investing

Market Snapshot

$202,961
Median Home Price
20% below national median
$1,308/mo
Median Rent
6% below national median
7.73%
Rent-to-Price Ratio
Top 14% nationally
-$214
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$202,961
Down Payment (20%)$40,592
Loan Amount$162,369
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,308
Monthly P&I-$1,064
Est. Expenses (35%)-$458
Net Cash Flow-$214/mo
5.0%
Cap Rate (all cash)
-5.5%
Cash-on-Cash Return
7.73%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.0% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
74/100
74
Cash Flow(30%)
77/100

Based on 7.73% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
85/100

Based on 8.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
87/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.73%)
  • +Strong price appreciation (+8.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$214/mo)
  • -Negative leverage (cap rate 5.0% < mortgage rate 6.9%)

Counties in Cortland, NY

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
Cortland, NY
74$202,961$1,3087.73%Buy

The Bottom Line

BuyCortland, NY offers solid investment potential with good cash flow or appreciation prospects.

The Cortland, NY metro area scores 74/100, ranking #112 of 894 US metros (top 12%). The 7.73% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow
$-214/mo
Cap Rate
5.0%
Cash-on-Cash
-6.3%

Ready to Invest in Cortland, NY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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