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Affordable
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These days, finding an affordable place to live in the Otway area can be challenging. Home prices in Otway are now at a median cost of $269,100, lower than the North Carolina average of $323,314.
The average cost of rent is $944/mo in Otway, primarily driven by the current value of real estate in the Otway area. In Otway, 30.86% of households rent, and 41.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otway is $5,625 per month. Households that rent pay about 16.78% of their income on rent here. Otway’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
- Bettie, NC: less expensive homes
- Straits, NC: higher priced homes
- Beaufort, NC: higher priced homes
- Smyrna, NC: higher priced homes
- Gloucester, NC: less expensive homes
- Williston, NC: less expensive homes
- Marshallberg, NC: higher priced homes
- Davis, NC: less expensive homes
- Harkers Island, NC: higher priced homes
- Mill Creek, NC: equally priced homes
Cities with Similar Populations
- San Isidro, TX: less expensive homes
- Maud, KY: less expensive homes
- Maxie, MS: less expensive homes
- Maxville, OH: less expensive homes
- Mayger, OR: higher priced homes
- Mazeppa, PA: less expensive homes
- McClure, IL: less expensive homes
- McClusky, IL: less expensive homes
- Rulo, NE: less expensive homes
- Salter Path, NC: higher priced homes
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