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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 $147,115, lower than the New York average of $610,895.
The average cost of rent is $838/mo in Otto, primarily driven by the current value of real estate in the Otto area. In Otto, 13.05% of households rent, and 56.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otto is $5,676 per month. Households that rent pay about 14.76% of their income on rent here. Otto’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive 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: less expensive homes
- Shiloh, SC: less expensive homes
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