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Affordable
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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 $211,142, lower than the Indiana average of $232,932.
The average cost of rent is $824/mo in Otto, primarily driven by the current value of real estate in the Otto area. In Otto, 24.05% of households rent, and 33.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otto is $5,023 per month. Households that rent pay about 16.40% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Paynesville, IN: less expensive homes
- New Washington, IN: higher priced homes
- Saluda, IN: less expensive homes
- Nabb, IN: equally priced homes
- Chelsea, IN: less expensive homes
- Wises Landing, KY: less expensive homes
- Mount Pleasant, KY: equally priced homes
- Westport, KY: higher priced homes
- Marysville, IN: higher priced homes
- Hanover, IN: less expensive homes
Cities with Similar Populations
- Pedro Bay, AK: higher priced homes
- Progresso, NM: less expensive homes
- Pike, CA: higher priced homes
- Perrys Corner, ME: higher priced homes
- Perkinsville, AZ: higher priced homes
- Pence, WI: less expensive homes
- Pelican, AK: higher priced homes
- Peewee, WV: less expensive homes
- Pedro, SD: higher priced homes
- Provo, SD: less expensive homes
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