The housing market in Otis, MA is thriving. The median value of homes in Otis is $431,500, which is significantly higher than the US median value of $338,100. Additionally, the one year appreciation rate for homes in Otis has been 12.54%, much higher than the US appreciation rate of 8.27%. These figures demonstrate that the housing market in Otis is strong, with high demand for houses and increasing home values.
The median home cost in Otis is $431,500. Home appreciation the last 10 years has been 59.4%. Home Appreciation in Otis is up 13.0%.
Average Age of Homes
- The median age of Otis real estate is 49 years old
The Rental Market in Otis
- Renters make up 2.9% of the Otis population
- 0.5% of houses and apartments in Otis, 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.