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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oswego, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oswego, NY Housing Market Trends

With a population of 17,150, 7,353 total housing units (homes and apartments), and a median house value of $176,857, house prices in Oswego are solidly below the national average.

Single-family detached homes are the single most common housing type in Oswego, accounting for 61.81% of the city's housing units. Other types of housing that are prevalent in Oswego include duplexes, homes converted to apartments or other small apartment buildings ( 17.42%), large apartment complexes or high rise apartments ( 15.71%), and a few row houses and other attached homes ( 4.03%).

The most prevalent building size and type in Oswego are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.96% owning and 53.04% renting.

The housing in Oswego was primarily built before 1939 ( 55.78%), making the housing stock in Oswego some of the oldest overall in America, although there is a range of ages of homes in Oswego. The next most important housing age is between 1940-1969 ( 21.17%), followed by between 1970-1999 ( 17.69%). There's also some housing in Oswego built between 2000 and later ( 5.37%).

Vacant housing appears to be an issue in Oswego. Fully 13.68% of the housing stock is classified as vacant. Left unchecked, vacant Oswego homes and apartments can be a drag on the real estate market, holding Oswego real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oswego Home Appreciation Rates

Real estate appreciation rates in Oswego's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.04% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oswego's appreciation rate, at 7.76%, has been at or slightly above the national average. In the latest quarter, Oswego's appreciation rate has been 1.77%, which annualizes to a rate of 7.28%.

Relative to New York, our data show that Oswego's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oswego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oswego - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oswego real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$176,857

Oswego, NY Home Prices
> $1,485,000
$1,114,001 - $1,485,000
$742,001 - $1,114,000
$594,001 - $742,000
$445,001 - $594,000
$297,001 - $445,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
0.0%
0.0%
0.0%
0.0%
0.4%
0.4%
0.7%
0.7%
3.7%
3.7%
9.5%
9.5%
41.8%
41.8%
39.3%
39.3%
4.6%
4.6%
0% 100.0%
% of Homes
Very Low

for New york

Low

for nation

Number of Homes And Apartments:

7,353

Oswego Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,480 / per month

Homeownership Rate

Owners
Renters
47.0%
47.0%
53.0%
53.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.7%
13.7%
86.3%
86.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.4%
5.4%
17.7%
17.7%
21.2%
21.2%
55.8%
55.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.8%
61.8%
4.0%
4.0%
17.4%
17.4%
15.7%
15.7%
1.0%
1.0%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
16.1%
16.1%
27.4%
27.4%
33.0%
33.0%
16.6%
16.6%
3.8%
3.8%
0% 100.0%
% of Homes