Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otsego area can be challenging. Home prices in Otsego are now at a median cost of $292,894, higher than the Minnesota average of $269,934.
The average cost of rent is $1,611/mo in Otsego, primarily driven by the current value of real estate in the Otsego area. While nearly 22.32% of residents own their homes outright in Otsego, 7.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otsego is $9,847 per month. Households that rent pay about 16.36% of their income on rent here. Otsego's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Albertville, MN: equally priced homes
- Elk River, MN: less expensive homes
- St. Michael, MN: equally priced homes
- Rogers, MN: higher priced homes
- Ramsey, MN: equally priced homes
- Hanover, MN: higher priced homes
- Dayton, MN: higher priced homes
- Nowthen, MN: higher priced homes
- Big Lake, MN: equally priced homes
- Monticello, MN: less expensive homes
Cities with Similar Populations
- Nashville, NC: less expensive homes
- Princeton Meadows, NJ: higher priced homes
- Portage, WI: less expensive homes
- Port Washington, WI: equally priced homes
- Port Washington, NY: higher priced homes
- Port Royal, SC: less expensive homes
- Pitahaya, PR: less expensive homes
- Pawleys Island, SC: higher priced homes
- Pacific Grove, CA: higher priced homes
- Overland, MO: less expensive homes
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