Housing in Othello, WA is significantly less expensive than the national median value, with a median value of $303,000 versus $338,100. Despite this price difference, however, Othello has seen an even greater appreciation rate than the US average in the past year. The appreciation rate for the US was 8.27%, while in Othello it was 11.51%. This suggests that housing in Othello is an attractive investment opportunity and could be a wise choice for those looking to purchase a home or invest in real estate.
The median home cost in Othello is $303,000. Home appreciation the last 10 years has been 125.0%. Home Appreciation in Othello is up 17.6%.
Average Age of Homes
- The median age of Othello real estate is 42 years old
The Rental Market in Othello
- Renters make up 36.7% of the Othello population
- 1.0% of houses and apartments in Othello, 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.