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Affordable
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These days, finding an affordable place to live in the Otter Lake area can be challenging. Home prices in Otter Lake are now at a median cost of $266,667, lower than the New York average of $610,895.
The average cost of rent is $648/mo in Otter Lake, primarily driven by the current value of real estate in the Otter Lake area. In Otter Lake, 3.96% of households rent, and 74.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otter Lake is $5,619 per month. Households that rent pay about 11.54% of their income on rent here. Otter Lake’s most expensive areas are in the central 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
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- Old Forge, NY: higher priced homes
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Cities with Similar Populations
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- Peterson, IN: equally priced homes
- Peruque, MO: less expensive homes
- Pillsbury, ND: less expensive homes
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