The Most Affordable Neighborhoods in Otero County, CO by Home Value

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 $172,861, lower than the Colorado average of $579,698.

The average cost of rent is $862/mo in Otero County, primarily driven by the current value of real estate in the Otero County area. In Otero County, 31.05% of households rent, and 48.83% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Otero County is $5,135 per month. Households that rent pay about 16.78% of their income on rent here. Otero County’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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