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Affordable
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These days, finding an affordable place to live in the Otranto area can be challenging. Home prices in Otranto are now at a median cost of $280,600, higher than the Iowa average of $226,062.
The average cost of rent is $900/mo in Otranto, primarily driven by the current value of real estate in the Otranto area. In Otranto, 12.87% of households rent, and 48.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otranto is $10,472 per month. Households that rent pay about 8.59% of their income on rent here. Otranto’s most expensive areas are in the eastern 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
- Mona, IA: equally priced homes
- Lyle, MN: less expensive homes
- Carpenter, IA: less expensive homes
- St. Ansgar, IA: less expensive homes
- London, MN: less expensive homes
- Toeterville, IA: less expensive homes
- Stacyville, IA: less expensive homes
- Johnsburg, MN: equally priced homes
- Grafton, IA: less expensive homes
- Mitchell, IA: less expensive homes
Cities with Similar Populations
- Nelscott, OR: higher priced homes
- Minor, VA: equally priced homes
- Mitchellsville, NY: less expensive homes
- Moccasin, MT: less expensive homes
- Mohler, WA: equally priced homes
- Monroe Hall, VA: equally priced homes
- Montezuma, CO: higher priced homes
- Montgomery Ferry, PA: less expensive homes
- Moonshine, IL: less expensive homes
- Moriah, NC: less expensive homes
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