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Affordable
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These days, finding an affordable place to live in the Otter Village area can be challenging. Home prices in Otter Village are now at a median cost of $256,305, higher than the Indiana average of $232,932.
The average cost of rent is $945/mo in Otter Village, primarily driven by the current value of real estate in the Otter Village area. In Otter Village, 16.16% of households rent, and 41.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otter Village is $6,836 per month. Households that rent pay about 13.83% of their income on rent here. Otter Village’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
- Holton, IN: equally priced homes
- Zenas, IN: less expensive homes
- Butlerville, IN: less expensive homes
- New Marion, IN: less expensive homes
- Correct, IN: less expensive homes
- Osgood, IN: less expensive homes
- Pierceville, IN: less expensive homes
- Versailles, IN: less expensive homes
- Napoleon, IN: equally priced homes
- San Jacinto, IN: less expensive homes
Cities with Similar Populations
- Petaca, NM: higher priced homes
- Reighmoor, WI: higher priced homes
- Reed, AR: less expensive homes
- Redland, LA: less expensive homes
- Reading, IL: less expensive homes
- Phillipstown, MS: less expensive homes
- Philip Junction, SD: less expensive homes
- Peters Prairie, TX: less expensive homes
- Peterpender, AR: less expensive homes
- Remmel, AR: less expensive homes
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