Otwell, IN is a great place to invest in housing. The median value of houses in Otwell is $170,700, compared to the US median house value of $338,100. The 1 year house appreciation rate in the US is 8.27%, and in Otwell it's even higher at 8.45%. This means that investing in housing in Otwell could be a good choice for potential buyers - not only are they getting a lower price than many US properties, but they're also likely to experience an increased appreciation rate over time as well.
The median home cost in Otwell is $170,700. Home appreciation the last 10 years has been 63.6%. Home Appreciation in Otwell is up 13.8%.
Average Age of Homes
- The median age of Otwell real estate is 43 years old
The Rental Market in Otwell
- Renters make up 21.6% of the Otwell population
- 0.0% of houses and apartments in Otwell, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.