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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 $275,926, higher than the Indiana average of $232,932.
The average cost of rent is $1,323/mo in Otis, primarily driven by the current value of real estate in the Otis area. In Otis, 18.40% of households rent, and 47.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otis is $7,028 per month. Households that rent pay about 18.82% of their income on rent here. Otis’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burdick, IN: higher priced homes
- Westville, IN: equally priced homes
- Furnessville, IN: equally priced homes
- Waterford, IN: less expensive homes
- Pinola, IN: higher priced homes
- Town of Pines, IN: less expensive homes
- Chesterton, IN: higher priced homes
- Beverly Shores, IN: higher priced homes
- Michigan City, IN: less expensive homes
- Trail Creek, IN: less expensive homes
Cities with Similar Populations
- Johnson, NY: higher priced homes
- Sheppton, PA: less expensive homes
- Kerby Knob, KY: less expensive homes
- Keene, WI: equally priced homes
- Keene Valley, NY: higher priced homes
- Kaycee, WY: less expensive homes
- Katesville, NC: equally priced homes
- Justice, WV: less expensive homes
- Junction City, MO: less expensive homes
- Judy, KY: less expensive homes
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