Is Cortland, NY a good place to invest in rental property?

Cortland, NY has a median modeled monthly cash flow of $-22 and a median cap rate of 6.2%, on a median sold price of $179,000. Prices changed +12.4% year over year.

What is the average cap rate in Cortland, NY?

The median cap rate across recently sold homes in Cortland, NY is 6.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cortland, NY?

The median sold price in Cortland, NY is $179,000 (about $118 per square foot).

Investing in Cortland, NY Real Estate

A data-driven snapshot of the Cortland, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$179,000Median sold price

$118Median $/sqft

6.2%Median cap rate

$-22Modeled cash flow / mo

+12.4%Appreciation YoY

8.6Months of supply

91Active listings

127Sold (last 12 mo)

What the Cortland numbers say

In Cortland, NY, the median home sold for $179,000 (about $118 per square foot), and the typical deal models out to a 6.2% cap rate with a median $-22 of monthly cash flow. Sold prices moved +12.4% over the past year. Inventory sits at about 8.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Cortland cash-flowing listings

CashFlowRE ranks every for-sale home in Cortland, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cortland deals, or browse the national market data.