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These days, finding an affordable place to live in the Otis area can be challenging. Home prices in Otis are now at a median cost of $172,499, lower than the Colorado average of $430,259.
The average cost of rent is $820/mo in Otis, primarily driven by the current value of real estate in the Otis area. While nearly 57.92% of residents own their homes outright in Otis, 26.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otis is $5,012 per month. Households that rent pay about 16.36% of their income on rent here. Otis's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Yuma, CO: higher priced homes
- Platner, CO: higher priced homes
- Akron, CO: equally priced homes
- Eckley, CO: higher priced homes
- Fleming, CO: higher priced homes
- Arickaree, CO: less expensive homes
- Merino, CO: higher priced homes
- Messex, CO: higher priced homes
- Haxtun, CO: higher priced homes
- Atwood, CO: higher priced homes
Cities with Similar Populations
- China Grove, TX: higher priced homes
- Sea Bright, NJ: higher priced homes
- Spruce, MI: less expensive homes
- Stafford, CT: higher priced homes
- Starksboro, VT: higher priced homes
- Sundown, TX: less expensive homes
- Tatamy, PA: higher priced homes
- Taylor, MS: higher priced homes
- Glen Spey, NY: higher priced homes
- Clarendon, PA: less expensive homes
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