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Affordable
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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 $162,098, lower than the Louisiana average of $235,139.
The average cost of rent is $873/mo in Otis, primarily driven by the current value of real estate in the Otis area. In Otis, 18.38% of households rent, and 66.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otis is $3,958 per month. Households that rent pay about 22.06% of their income on rent here. Otis’s most expensive areas are in the northern 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
- Wilda, LA: equally priced homes
- Sieper, LA: equally priced homes
- Stille, LA: higher priced homes
- Gardner, LA: higher priced homes
- Hotwells, LA: higher priced homes
- Elmer, LA: higher priced homes
- Leander, LA: less expensive homes
- Hineston, LA: equally priced homes
- Boyce, LA: higher priced homes
- Flatwoods, LA: less expensive homes
Cities with Similar Populations
- Sparta, OH: higher priced homes
- Hillister, TX: higher priced homes
- Hillsdale, IN: equally priced homes
- Hobson City, AL: less expensive homes
- Hull, AL: less expensive homes
- Humbird, WI: higher priced homes
- Iron Mountain Lake, MO: less expensive homes
- Skidway Lake, MI: less expensive homes
- Smiley, TX: less expensive homes
- South Ogdensburg, NJ: higher priced homes
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