Much like the surrounding areas, it's significantly less expensive compared to the US as a whole. It is close to average compared to the city of Syracuse.
Home prices
The median home cost in Owego is $95,100. Compared to its nearby areas it is about $4,000 (4%) lower.Compared to the entire nation it is roughly $122,400 (56%) lower, and is is very similar compared to the city of Syracuse.
Rents
The median monthly rent in Owego is $706. Compared to other places in this area this is is very similar.It is about $356 (33%) lower in comparison to the rest of the country, and compared to the city of Syracuse it is roughly $108 (13%) lower.
Nearby places
Apalachin
Apalachin is about 4 miles southeast from Owego. The housing prices there are a bit more expensive. The median home cost in Apalachin is $133,200, which comes out to $38,100 (28%) higher than Owego. Rent there is similar. The median monthly rent in Apalachin is $733, which works out to $27 (3%) higher than Owego.
Nichols
Nichols is approximately 7 miles southwest of Owego. The real estate prices there are a little less expensive. The median home in Nichols is valued at $88,300, which comes out to $6,800 (7%) lower than Owego. Rents there are similar. The median rent in Nichols is $706 a month, which is very similar to Owego.
Newark Valley
Newark Valley is approximately 8 miles northeast of Owego. The real estate prices there are a little more expensive. The median home in Newark Valley is valued at $100,500, which comes out to $5,400 (5%) higher than Owego. Rent there is a little less expensive. Newark Valley's median monthly rent is $642, which works out to $64 (9%) lower than Owego.
Endicott
Endicott is roughly 8 miles east from Owego. The real estate prices there are a little less expensive. The median home price in Endicott is $88,300, which works out to $6,800 (7%) lower than Owego. Its rents are fairly similar. Endicott's median rent is $717 a month, which works out to $11 (1%) higher than Owego.
Candor
Candor is roughly 8 miles north from Owego. The housing prices there are a bit less expensive. The median home in Candor costs $85,200, which is $9,900 (11%) lower than Owego. Rents there are similar. Candor's median monthly rent is $742, which comes out to $36 (4%) higher than Owego.