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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 $348,462, lower than the Oregon average of $502,078.
The average cost of rent is $1,143/mo in Otis, primarily driven by the current value of real estate in the Otis area. In Otis, 8.23% of households rent, and 45.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otis is $5,201 per month. Households that rent pay about 21.98% of their income on rent here. Otis’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Neotsu, OR: higher priced homes
- Roads End, OR: higher priced homes
- Three Rocks, OR: higher priced homes
- DeLake, OR: higher priced homes
- Rose Lodge, OR: less expensive homes
- Lincoln City, OR: higher priced homes
- Nelscott, OR: equally priced homes
- Neskowin, OR: higher priced homes
- Meda, OR: higher priced homes
- Gleneden Beach, OR: higher priced homes
Cities with Similar Populations
- Stapleton, AL: less expensive homes
- Herington, KS: less expensive homes
- Middle Grove, NY: equally priced homes
- Neeses, SC: less expensive homes
- Albany, WI: less expensive homes
- Oldtown, ID: higher priced homes
- Seaside Heights, NJ: higher priced homes
- Smethport, PA: less expensive homes
- St. Stephen, MN: equally priced homes
- Nokomis, IL: less expensive homes
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