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 $146,948, lower than the Indiana average of $175,617.
The average cost of rent is $1,424/mo in Otto, primarily driven by the current value of real estate in the Otto area. While nearly 27.47% of residents own their homes outright in Otto, 23.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otto is $5,642 per month. Households that rent pay about 25.24% of their income on rent here. Otto's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Paynesville, IN: equally priced homes
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- Nabb, IN: equally priced homes
- Chelsea, IN: equally priced homes
- Wises Landing, KY: less expensive homes
- Mount Pleasant, KY: less expensive homes
- Westport, KY: higher priced homes
- Marysville, IN: equally priced homes
- Hanover, IN: less expensive homes
Cities with Similar Populations
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- Pike, CA: higher priced homes
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- Pelican, AK: higher priced homes
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- Pedro, SD: less expensive homes
- Provo, SD: less expensive homes
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