Market Overview
Home Prices in Cortland, OH
The median home value in Cortland, OH is $239,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cortland are priced42% below average. Cortland is part of the Youngstown-Warren-Boardman, OH-PA metro area.
Over the past five years, Cortland home values have risen by approximately37.4%, reflecting strong long-term appreciation in this market.
Price History
Cortland Home Price Trend
City Comparison
Cortland vs. National Median
At $239,233, homes in Cortland cost 42% below the national median of $410,000. This makes Cortland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cortland?
20% Down Payment
$47,847
on $239,233
Monthly P&I
$1,248/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,585/mo
incl. taxes & insurance
Income Needed
$63,400
gross annual (30% rule)
10% Down Option
$23,923
+ PMI applies
Loan Amount (20% dn)
$191,386
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cortland, OH?
The median home value in Cortland is $239,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Cortland?
Over the past year, home values in Cortland have increased by 6.8%. Over five years, prices have risen approximately 37.4%.
How much do I need to earn to buy a home in Cortland?
To comfortably afford the median home price of $239,233 with a 20% down payment ($47,847) at today's rates (6.8%), you'd need a gross annual income of approximately $63,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Cortland compare to the national average home price?
The national median home value is approximately $410,000. At $239,233, homes in Cortland are 42% below the national average.
What metro area is Cortland part of?
Cortland is part of the Youngstown-Warren-Boardman, OH-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.