Metropolitan Statistical Area (MSA):
Oneonta, NY is a Metropolitan Statistical Area (MSA) comprising counties including Otsego County.
The Oneonta, NY metropolitan statistical area (MSA) is located in the heart of New York State's Mohawk Valley region. The MSA includes Otsego, Herkimer, and Montgomery counties. According to the 2010 census, the MSA has a population of 174,526.
The MSA is home to a number of colleges and universities, including SUNY Oneonta, Hartwick College, and Hamilton College. The presence of these institutions helps to drive the local economy and contributes to the area's vibrant culture.
Oneonta is known as a "college town," and this reputation is reflected in the local housing market. A large percentage of the housing stock in the MSA is made up of rental properties catering to students and other young adults. There are also a number of single-family homes and duplexes available for rent or purchase.
The median home value in the Oneonta MSA is $144,000, which is lower than both the state median ($229,400) and national median ($184,700). However, values have been on the rise in recent years due to strong demand from buyers. The average sale price of a home in the MSA increased by 8% between 2016 and 2017.
There are several factors driving demand for housing in the Oneonta MSA. The area's colleges and universities attract students from all over New York State and beyond. Additionally, many people are drawn to the area for its scenic beauty and outdoor recreation opportunities. With its affordable housing prices and proximity to major cities like Albany and Syracuse, the Oneonta MSA is an attractive option for buyers looking for a quality place to live at a reasonable price.