Ovid and the surrounding area was part the lands controlled by the Iroquois. The Sullivan Expedition of 1779 drove away or killed many of these natives to reduce their raiding in support of the British. After the American Revolution the village was in the Central New York Military Tract, used to compensate soldiers. Ovid was the first county seat of Seneca County, and a courthouse was erected in 1806. When adjacent towns were created from Ovid and placed in other counties, Ovid was seen as being too far from the county center, and Waterloo became the county seat. Later, Waterloo itself became located on the northern fringe of the county when new towns created there were assigned to new counties. The ultimate solution was to make both Ovid and Waterloo county seats. The village was incorporated in 1816, but dissolved in 1849, and then re-incorporated in 1852. The David and Mary Kinne Farmstead, Seneca County Courthouse Complex at Ovid, and Aaron Wilson House are listed on the National Register of Historic Places.
As of the census of 2010, there were 602 people, 251 households, and 145 families residing in the village. The population density was 1,505.0 people per square mile. The racial makeup of the village was 93.7% White, 1.7% Black or African American, 0.2% Native American, 0.8% Asian, 0.0% Pacific Islander, 1.2% from other races, and 2.5% from two or more races. Hispanic or Latino of any race were 2.3% of the population. There were 251 households out of which 25.5% had children under the age of 18 living with them, 35.9% were married couplesliving together, 15.5% had a female householder with no husband present, and 42.2% were non-families. 33.1% of all households were made up of individuals and 15.2% had someone living alone who was 65 years of age or older. The average household size was 2.37 and the average family size was 3.02. In the village, the population was spread out with 25.0% under the age of 20, 7.6% from 20 to 24, 24.4% from 25 to 44, 27.1% from 45 to 64, and 15.9% who were 65 years of age or older. The median age was 39.3 years. For every 100 females, there were 93.6 males. For every 100 females age 18 and over, there were 87.6 males. The median income for a household in the village was $43,750, and the median income for a family was $42,955. Males had a median income of $35,625 versus $36,477 for females. The per capita income for the village was $20,255. About 4.0% of families and 8.5% of the population were below the poverty line, including 1.3% of those under age 18 and 18.8% of those age 65 or over.
Housing
There were 283 housing units at an average density of 707.5 per square mile. 11.3% of housing units were vacant. There were 251 occupied housing units in the village. 153 were owner-occupied units, while 98 were renter-occupied. The homeowner vacancy rate was 2.5% of total units. The rental unit vacancy rate was 8.3%.