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These days, finding an affordable place to live in the Otwell area can be challenging. Home prices in Otwell are now at a median cost of $184,452, lower than the Indiana average of $232,932.
The average cost of rent is $833/mo in Otwell, primarily driven by the current value of real estate in the Otwell area. In Otwell, 17.11% of households rent, and 36.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Otwell is $6,538 per month. Households that rent pay about 12.74% of their income on rent here. Otwell’s most expensive areas are in the northwestern 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
- Hudsonville, IN: higher priced homes
- Algiers, IN: equally priced homes
- Whiteoak, IN: less expensive homes
- Cato, IN: equally priced homes
- Portersville, IN: higher priced homes
- Ireland, IN: higher priced homes
- Glendale, IN: higher priced homes
- Coe, IN: less expensive homes
- Velpen, IN: higher priced homes
- Winslow, IN: less expensive homes
Cities with Similar Populations
- Laird Hill, TX: equally priced homes
- Summerland, CA: higher priced homes
- Sulphur Springs, AR: higher priced homes
- Stone Creek, OH: higher priced homes
- Shirley Center, MA: higher priced homes
- Shipman, IL: less expensive homes
- Santa Ysabel, CA: higher priced homes
- Robeline, LA: less expensive homes
- Red Banks, MS: higher priced homes
- Randolph AFB, TX: higher priced homes
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