Otto, MI is a town with an attractive housing market. The median value of houses in Otto is currently $176,500, which is much lower than the overall US median housing value of $338,100. In the past year, house appreciation in Otto has been 13.62%, higher than the national average of 8.27%. It appears that purchasing a home in Otto may be a wise investment with potential for substantial growth.
The median home cost in Otto is $176,500. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Otto is up 16.5%.
Average Age of Homes
- The median age of Otto real estate is 21 years old
The Rental Market in Otto
- Renters make up 4.8% of the Otto population
- 0.0% of houses and apartments in Otto, 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.