Otsego County, New York: commercial real estate data.
Otsego County, New York had an estimated 60,524 residents on July 1, 2024, up 3.4 percent since the 2020 census base of 58,515, across 1,002 square miles. County output reached $3.52 bn in 2024, 1,295 establishments operate here, and the SBA record carries 33 7(a) approvals worth $16.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Otsego County
How many people live in Otsego County
- Population, American Community Survey 2020-202460,108
- Households23,189
- Average household size2.59
- Median household income$68,885
- Median age39.9
- Median gross rent$987 per month
- Median owner-occupied home value$179,100
- Home value to household income2.6 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher34.4 percent
- Adults 25 and over with a graduate degree15.5 percent
- Adults 25 and over39,271
- Population under 188,951
- Share under 1814.9 percent
- Population 65 and over12,911
- Share 65 and over21.5 percent
- Working age population, 18 to 6438,246
- Civilian labor force28,771
- Unemployment rate6.4 percent
- Labor force participation, adults 18 and over56.2 percent
- Rank by population among New York counties42nd of 62
- Rank by population among US county-equivalents, Puerto Rico included894th of 3,222
Otsego County is the 42nd largest of 62 New York counties by population. A median home costs 2.6 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 21.5 percent against 14.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Otsego County
Is Otsego County's population growing?
- Population, July 1, 202460,524
- Census 2020 base population58,515
- Population change since the 2020 census base3.43 percent
- Population change, 2023 to 20245
- Births, 2024456
- Deaths, 2024680
- Natural change, 2024-224
- Net domestic migration, 202459
- Net international migration, 2024170
- Total net migration, 2024229
- Cumulative net domestic migration, 2021 to 20242,931
- Rank by growth among US county-equivalents789th of 3,144
The county has grown 3.43 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Otsego County
Where are people moving to Otsego County from?
- Tax returns filed by households arriving1,422
- People arriving, from those returns2,335
- Tax returns filed by households leaving1,512
- Net household movement-90
- Adjusted gross income arriving$97.7 m
- Net adjusted gross income movement$8.6 m
- Average income of an arriving household$68,717
- Average income of a leaving household$58,958
- Largest single originDelaware County (203 households)
- Largest single destinationDelaware County (191 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Delaware County | 203 | 340 | $9.2 m |
| Chenango County | 122 | 210 | $4.9 m |
| Herkimer County | 67 | 140 | $3.4 m |
| Schoharie County | 51 | 82 | $2.6 m |
| Suffolk County | 43 | 57 | $2.0 m |
| Queens County | 31 | 56 | $2.9 m |
| Broome County | 29 | 37 | $1.2 m |
| Kings County | 29 | 39 | $3.6 m |
Households arriving report $9,759 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Delaware County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Otsego County
What is the Otsego County economy?
- County GDP, 2024$3.52 bn
- County GDP, 2023$3.30 bn
- GDP change, 2023 to 20246.7 percent
- GDP change over five years25.0 percent
- Rank by GDP among the New York areas BEA publishes39th of 62
- Rank by GDP among the US county areas BEA publishes891st of 3,127
- GDP per resident$58,533
Output grew 6.7 percent in the latest year and 25.0 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Otsego County
Employment by industry in Otsego County
- Covered employment, annual average22,197
- Establishments reporting1,538
- Average annual pay$60,346
- Average weekly wage$1,160
- Health care and social assistance, employment5,435
- Health care and social assistance, average annual pay$85,269
- Retail trade, employment2,789
- Retail trade, average annual pay$38,907
- Accommodation and food services, employment2,364
- Accommodation and food services, average annual pay$28,660
- Manufacturing, employment1,199
- Manufacturing, average annual pay$59,731
- Finance and insurance, employment1,083
- Educational services, employment913
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 5,435 | 166 | $85,269 |
| Retail trade | 2,789 | 234 | $38,907 |
| Accommodation and food services | 2,364 | 188 | $28,660 |
| Manufacturing | 1,199 | 57 | $59,731 |
| Finance and insurance | 1,083 | 52 | $82,307 |
| Educational services | 913 | 15 | $51,383 |
| Arts, entertainment and recreation | 781 | 38 | $31,299 |
| Other services, except public administration | 492 | 125 | $39,691 |
Health care and social assistance is the largest private sector at 5,435 jobs, 24.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Otsego County
How many businesses are in Otsego County?
- Establishments, all industries1,295
- Employment at those establishments18,030
- Annual payroll$1.01 bn
- Establishments per 1,000 residents21.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Otsego County
Building permits in Otsego County
- Housing units authorized by permit, 2024123
- Declared construction value permitted$30.7 m
- Single family units authorized123
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$249,716
- Units authorized per 1,000 households5.3
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Otsego County
SBA loans in Otsego County (7(a) and 504)
- 7(a) approvals recorded33
- 7(a) gross approval dollars$16.9 m
- Average 7(a) approval$511,679
- Median 7(a) approval$200,000
- 10th percentile approval$21,000
- 90th percentile approval$1,219,000
- Largest single approval$4,600,000
- Jobs reported supported, 7(a)327
- Jobs per approval9.9
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals21
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter22
- Franchise loans2
- Franchise share of approvals6.1 percent
- 504 approvals recorded9
- 504 gross approval dollars$10.1 m
- Average 504 approval$1,125,222
- Median 504 approval$621,000
- Distinct CDCs active1
- 504 jobs per approval6.4
- 504 jobs per million dollars approved5.7
- Most active CDCEmpire State Certified Development Corporation (9)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$27.0 m
The average approval of $511,679 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 33.3 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Otsego County
SBA loan default and charge-off rates in Otsego County
Do SBA loans in Otsego County get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Exempt from disclosure23
- Status: Paid in full4
- Status: Cancelled4
- Status: Committed, not yet disbursed2
Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Otsego County
SBA lending by place in Otsego County
- Borrower cities with recorded lending8
- Oneonta, approvals19
- Cooperstown, approvals4
- Richfield Springs, approvals2
- Edmeston, approvals2
- Laurens, approvals2
- Milford, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Oneonta | 19 | $7,468,400 |
| Cooperstown | 4 | $5,900,000 |
| Richfield Springs | 2 | $2,438,000 |
| Edmeston | 2 | $195,200 |
| Laurens | 2 | $135,000 |
| Milford | 2 | $63,000 |
| East Springfield | 1 | $375,000 |
| West Oneonta | 1 | $310,800 |
Oneonta accounts for 19 approvals against 4 in Cooperstown. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Otsego County
How large is Otsego County?
- Land area1,002 sq mi
- Rank by land area among New York counties17th of 62
- Width, east to west39.9 mi
- Height, north to south41 mi
- Geographies sharing a boundary7
- Residents per square mile of land60
- Establishments per square mile1.29
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Otsego County
Flood risk in Otsego County
- Communities in the county in the NFIP Community Status Book34
- Of those, participating in the NFIP34
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
- Radon levels in Otsego County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Otsego County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Otsego County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Otsego County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202460,108
- Households23,189
- Average household size2.59
- Median household income$68,885
- Median age39.9
Common questions
Otsego County questions, answered from the record.
How many people live in Otsego County, New York?
The Census Bureau estimates 60,524 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 60,108, in 23,189 households, ranking 42nd of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Otsego County's population growing?
The population has grown 3.43 percent since the 2020 census base of 58,515, to 60,524 on July 1, 2024. In 2024 there were 456 births against 680 deaths, with net migration of 229. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Otsego County?
$68,885. The median owner-occupied home is valued at $179,100, which is 2.6 times income, and median gross rent is $987 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Otsego County?
1,295 establishments, employing 18,030 people with an annual payroll of $1.01 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Otsego County?
Health care and social assistance is the largest private sector at 5,435 jobs, 24.5 percent of covered employment. Covered employment averages 22,197 jobs at an average annual pay of $60,346, or $1,160 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Otsego County?
33 7(a) approvals totaling $16.9 m since FY2020, across 12 lenders, with a median approval of $200,000, plus 9 504 approvals worth $10.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Otsego County?
123 housing units were authorized by permit in 2024, with a declared construction value of $30.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Otsego County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Otsego County come from?
The largest single origin is Delaware County, with 203 households. Arriving households report an average income of $68,717 against $58,958 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Otsego County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Otsego County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Otsego County
Cities and places in Otsego.
28 Census places lie wholly or partly in Otsego County. All 28 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Oneonta | city | 15,045 | 19 | Wholly in this county |
| Cooperstown | village | 2,220 | 4 | Wholly in this county |
| West End | CDP | 1,891 | None recorded | Wholly in this county |
| Unadilla | village | 1,419 | None recorded | Wholly in this county |
| Richfield Springs | village | 1,104 | 2 | Wholly in this county |
| Worcester | CDP | 1,032 | None recorded | Wholly in this county |
| Otego | village | 936 | None recorded | Wholly in this county |
| Morris | village | 626 | None recorded | Wholly in this county |
| Edmeston | CDP | 515 | 2 | Wholly in this county |
| Cherry Valley | village | 482 | None recorded | Wholly in this county |
| Milford | village | 475 | 2 | Wholly in this county |
| Schenevus | CDP | 390 | None recorded | Wholly in this county |
| Hartwick Seminary | CDP | 338 | None recorded | Wholly in this county |
| Gilbertsville | village | 321 | None recorded | Wholly in this county |
| Hartwick | CDP | 308 | None recorded | Wholly in this county |
| East Worcester | CDP | 270 | None recorded | Wholly in this county |
| Springfield Center | CDP | 244 | None recorded | Wholly in this county |
| Unadilla Forks | CDP | 190 | None recorded | Wholly in this county |
| Laurens | village | 160 | 2 | Wholly in this county |
| Wells Bridge | CDP | 160 | None recorded | Wholly in this county |
| Burlington Flats | CDP | 150 | None recorded | Wholly in this county |
| Garrattsville | CDP | 147 | None recorded | Wholly in this county |
| Mount Vision | CDP | 131 | None recorded | Wholly in this county |
| Fly Creek | CDP | 114 | None recorded | Wholly in this county |
| South Edmeston | CDP | 107 | None recorded | Wholly in this county |
| Portlandville | CDP | 101 | None recorded | Wholly in this county |
| Westford | CDP | 101 | None recorded | Wholly in this county |
| Schuyler Lake | CDP | 83 | None recorded | Wholly in this county |
A further 2 of the county's 33 SBA 7(a) approvals are to borrowers in cities that match no Census place in Otsego County, the largest being East Springfield (1), West Oneonta (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.