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 $108,050, lower than the New York average of $481,023.
The average cost of rent is $716/mo in Otto, primarily driven by the current value of real estate in the Otto area. While nearly 50.07% of residents own their homes outright in Otto, 12.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otto is $5,030 per month. Households that rent pay about 14.23% of their income on rent here. Otto's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Cattaraugus, NY: less expensive homes
- East Otto, NY: higher priced homes
- Markhams, NY: equally priced homes
- Maples, NY: higher priced homes
- Wesley, NY: less expensive homes
- New Albion, NY: equally priced homes
- Collins Center, NY: higher priced homes
- East Leon, NY: less expensive homes
- Little Valley, NY: less expensive homes
- Gowanda, NY: less expensive homes
Cities with Similar Populations
- Martin, SC: less expensive homes
- Springbrook, ND: higher priced homes
- Spring Hill, PA: higher priced homes
- Sprague, AL: higher priced homes
- Spelterville, IN: higher priced homes
- South Alabama, NY: equally priced homes
- Sliders, VA: higher priced homes
- Silver Beach, WA: higher priced homes
- Silas, TX: equally priced homes
- Shiloh, SC: equally priced homes
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