Housing costs in Otterbein?
A typical home costs
$168,400, which is 50.2% less expensive than the national average of
$338,100 and 24.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Otterbein costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and close to the state average of
$980.
Can I afford Otterbein?
To live comfortably in Otterbein, Indiana, a minimum annual income of
$32,400 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Otterbein?
Otterbein, IN is an affordable place to live with low housing costs and a reasonable cost of living overall. The median home value in Otterbein is approximately $90,000, which is considerably lower than the national average of $232,200. Additionally, the cost of living index for Otterbein is 83.5 compared to the U.S. average of 100 -- showing that living expenses are lower than other areas in the country. Even though Otterbein is considered a rural town, residents still have access to amenities such as grocery stores, restaurants, banks, and more at an affordable price point.