HomeInsuranceQts

Home Insurance in Cortland, New York

Homes in Cortland carry a median value of $152,600 - 6% lower than the Cortland County median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Cortland was built around 1947. About 64% of homes were built before 1960, about 15 points above Cortland County's 49%.

Housing in Cortland breaks down to 46% single-family homes, 20% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

In Cortland, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Cortland has an owner-occupancy rate of 46% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.

72% of homes in Cortland are primarily heated with natural gas.

Cortland County had 255 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Relatively Low). See the full Cortland County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.

In New York, the statewide average premium for a standard HO-3 homeowners policy is $1,801 per year (NAIC, 2023 data).

Key figures

Median home value$152,600
Median year built1947
Owner-occupied share46%
Share of owner-occupied homes with a mortgage60%
Top county hazardInland Flooding (Relatively Low)
Active NFIP policies in Cortland County255
Home insurance premium$1,801 - statewide average (NAIC, 2023 data)
Key home insurance figures for Cortland, NY

Nearby towns

Sources

Data last updated: 2026-09-29