Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otto area can be challenging. Home prices in Otto are now at a median cost of $139,701, lower than the Illinois average of $242,002.
The average cost of rent is $926/mo in Otto, primarily driven by the current value of real estate in the Otto area. While nearly 48.75% of residents own their homes outright in Otto, 29.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otto is $5,596 per month. Households that rent pay about 16.55% of their income on rent here. Otto's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Sammons Point, IL: equally priced homes
- Chebanse, IL: equally priced homes
- Sugar Island, IL: higher priced homes
- Greenwich, IL: higher priced homes
- Kankakee, IL: less expensive homes
- Aroma Park, IL: higher priced homes
- Irwin, IL: higher priced homes
- Limestone, IL: higher priced homes
- Leesville, IL: higher priced homes
- Clifton, IL: higher priced homes
Cities with Similar Populations
- Seven Springs, MS: higher priced homes
- Sarben, NE: higher priced homes
- Sattre, IA: higher priced homes
- Scarboro, MD: higher priced homes
- Schultzville, PA: higher priced homes
- Schuyler Lake, NY: higher priced homes
- Sciota, IL: higher priced homes
- Scraper, OK: less expensive homes
- Sealevel, NC: less expensive homes
- Seawall, ME: higher priced homes
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