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These days, finding an affordable place to live in the Otisco area can be challenging. Home prices in Otisco are now at a median cost of $312,895, lower than the Minnesota average of $345,793.
The average cost of rent is $1,242/mo in Otisco, primarily driven by the current value of real estate in the Otisco area. In Otisco, 11.87% of households rent, and 51.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otisco is $7,122 per month. Households that rent pay about 17.44% of their income on rent here. Otisco’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vista, MN: equally priced homes
- New Richland, MN: less expensive homes
- Waseca, MN: less expensive homes
- Meriden, MN: less expensive homes
- Waldorf, MN: less expensive homes
- Hope, MN: less expensive homes
- Hartland, MN: less expensive homes
- Ellendale, MN: less expensive homes
- Janesville, MN: less expensive homes
- Pemberton, MN: less expensive homes
Cities with Similar Populations
- Rosedale, OH: higher priced homes
- Menlow, TX: less expensive homes
- Meredithville, VA: less expensive homes
- Mesa, ID: equally priced homes
- Metalton, AR: less expensive homes
- Metcalf, GA: higher priced homes
- Metea, IN: less expensive homes
- Mosby, MO: higher priced homes
- Rockingham, MO: less expensive homes
- Rockleigh, NJ: higher priced homes
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