Home Price Key
Affordable
Average
Expensive
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 $178,578, lower than the New Mexico average of $199,923.
The average cost of rent is $1,267/mo in Otis, primarily driven by the current value of real estate in the Otis area. While nearly 48.69% of residents own their homes outright in Otis, 21.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otis is $7,138 per month. Households that rent pay about 17.76% of their income on rent here. Otis's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Carlsbad, NM: equally priced homes
- La Huerta, NM: higher priced homes
- Loving, NM: less expensive homes
- Carlsbad North, NM: higher priced homes
- West Carlsbad, NM: less expensive homes
- Malaga, NM: equally priced homes
- Oil Center, NM: less expensive homes
- Eunice, NM: less expensive homes
- Frankel City, TX: higher priced homes
- Andrews, TX: less expensive homes
Cities with Similar Populations
- Rheems, PA: higher priced homes
- Meadow Bridge, WV: less expensive homes
- Merrill, IA: equally priced homes
- Middletown Springs, VT: higher priced homes
- Mount Blanchard, OH: less expensive homes
- Mount Desert, ME: higher priced homes
- Muldraugh, KY: less expensive homes
- Olivehill, TN: less expensive homes
- Orangeville, UT: less expensive homes
- Mc Millan, MI: equally priced homes
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