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These days, finding an affordable place to live in the Otter Rock area can be challenging. Home prices in Otter Rock are now at a median cost of $526,409, higher than the Oregon average of $502,078.
The average cost of rent is $1,566/mo in Otter Rock, primarily driven by the current value of real estate in the Otter Rock area. In Otter Rock, 16.52% of households rent, and 54.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otter Rock is $5,776 per month. Households that rent pay about 27.11% of their income on rent here. Otter Rock’s most expensive areas are in the northwestern 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
- Beverly Beach, OR: equally priced homes
- Depoe Bay, OR: less expensive homes
- Moody, OR: equally priced homes
- Newport, OR: less expensive homes
- Siletz, OR: less expensive homes
- Lincoln Beach, OR: less expensive homes
- Kernville, OR: less expensive homes
- Fruitvale, OR: higher priced homes
- Gleneden Beach, OR: less expensive homes
- Toledo, OR: less expensive homes
Cities with Similar Populations
- Mcbrides, MI: less expensive homes
- Manfred, AR: less expensive homes
- Manning, ND: less expensive homes
- Manson, IN: less expensive homes
- Mappsville, VA: less expensive homes
- Marcella, AR: less expensive homes
- Marion, ND: less expensive homes
- Markhams, NY: less expensive homes
- Marksboro, NJ: less expensive homes
- Marseilles, OH: less expensive homes
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