The story of this market
The typical home in ZIP 13040 sells for about $155,000, or $138 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $908 a month.
ZIP 13040 — Cincinnatus
The housing market in 13040 is characterized by low inventory and slow turnover, typical of a rural market. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for rural-lifestyle seekers, families looking for affordable housing, and those who prefer a quiet, small-town environment over urban or suburban density.
Median prices moved up 3.5% year over year.
Homes spend a median of 45 days on market with 3.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 12.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 13040, Cortland County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Cincinnatus area are generally low and consistent with rural Cortland County trends, remaining significantly below regional urban averages.
Schools serving the area are part of the Cincinnatus Central School District, which provides a small-town educational environment with limited extracurricular breadth compared to larger suburban districts.
The area is subject to seasonal flood risks near the Otselic River and typical upstate New York winter weather hazards; insurance premiums are generally stable but reflect regional climate exposure.
Economic momentum is modest, driven primarily by local agriculture, small-scale retail, and regional employment hubs in Cortland and Syracuse; there is minimal large-scale commercial development.
Property taxes are levied by the town, county, and school district, with rates reflecting the high reliance on local property tax revenue common in rural New York jurisdictions.
Commuting is primarily car-dependent, with residents traveling to Cortland or Syracuse for major employment; public transit options are not available.
The area offers significant outdoor recreation including access to the Otselic River for fishing, nearby state forests for hiking, and local community parks.
The rental market is limited in depth, consisting mostly of single-family home rentals with low turnover and minimal institutional investor presence.
The local economy is anchored by agriculture and small-scale local businesses, with most residents commuting to larger employment centers in Cortland County.
Transportation is entirely reliant on private vehicles; there is no public transit infrastructure serving this rural ZIP code.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Cortland County Real Property Tax Service Agency oversees assessments, which are generally based on market value adjusted by equalization rates.
Parcels are subject to Cincinnatus Central School District taxes and standard county/town levies; there are no significant MUD or PID districts.
Property insurance is standard for rural New York, with premiums influenced by proximity to fire services and flood zones.
New York is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
New York requires a standard property condition disclosure statement, though sellers may opt to pay a credit in lieu of providing the disclosure.
Data retrieved from data.census.gov ZCTA 13040 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The Adventure Center4.69.9 mi
- Shipwreck Amusements4.513 mi
- Yaman Park4.410.2 mi
- 1890 House Museum4.711.1 mi
- Cort-Lanes4.412.5 mi
- Crown City Cinemas411.8 mi
- CNY Living History Center4.811.6 mi
- 1890 House Museum4.711.1 mi
- CNY Living History Center4.811.6 mi
- Yaman Park4.410.2 mi
- Dexter Park4.110.3 mi
- Courthouse Park4.110.9 mi
- Whitney Point Multiple Use Area4.611.6 mi
- Marshalls4.412.7 mi
- Price Chopper4.212.5 mi
- JCPenney4.212.6 mi
- Cortlandville Mall412.6 mi
- Ithaca Tompkins International Airport4.225.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular for local fishing and recreational activities.
Provides local water-based recreation and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.