Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otero County area can be challenging. Home prices in Otero County are now at a median cost of $116,757, lower than the Colorado average of $430,259.
The average cost of rent is $694/mo in Otero County, primarily driven by the current value of real estate in the Otero County area. While nearly 53.90% of residents own their homes outright in Otero County, 31.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otero County is $3,841 per month. Households that rent pay about 18.07% of their income on rent here. Otero County's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the county.
Nearby Counties
- Crowley County, CO: less expensive homes
- Bent County, CO: less expensive homes
- Prowers County, CO: equally priced homes
- Custer County, CO: higher priced homes
- Hamilton County, KS: less expensive homes
- Saguache County, CO: higher priced homes
- Kearny County, KS: higher priced homes
- Finney County, KS: higher priced homes
- Hinsdale County, CO: higher priced homes
- Hodgeman County, KS: less expensive homes
Counties with Similar Populations
- Parmer County, TX: equally priced homes
- McCormick County, SC: higher priced homes
- McCreary County, KY: less expensive homes
- McIntosh County, GA: higher priced homes
- McLean County, KY: equally priced homes
- Meeker County, MN: higher priced homes
- Menominee County, MI: equally priced homes
- Mercer County, KY: higher priced homes
- Page County, VA: higher priced homes
- Palo Alto County, IA: equally priced homes
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