Otero County, CO Housing

The housing market in Otero, CO County is thriving. The median value of a house in the county is $155,000, well below the US median at $338,100. This has likely contributed to the strong appreciation rate of 20.57%, significantly higher than the US rate of 8.27%. These numbers indicate that Otero's housing market is on an upward trajectory and that now would be a great time to invest in a home there.

The median home cost in Otero County is $155,000. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Otero County is up 14.6%.

Average Age of Homes

- The median age of Otero County real estate is 57 years old

The Rental Market in Otero County

- Renters make up 28.9% of the Otero County population
- 2.0% of houses and apartments in Otero County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Otero, Colorado	United States
	8,746.0	139,647,020.0
	59	42
	$155,000	$338,100
	14.6%	16.6%
	81.6%	57.0%
	136.6%	101.1%
	$4.40	$10.98
	$473	$2,690
	59.3%	57.4%
	12.9%	11.2%
	27.8%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	1.4%	3.6%
	9.1%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	6.4%	2.4%
	12.3%	2.8%
	11.4%	3.9%
	13.3%	4.5%
	17.7%	11.3%
	16.8%	13.0%
	11.5%	20.1%
	4.2%	13.6%
	1.6%	8.3%
	1.2%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.0%	13.6%
	5.0%	13.6%
	8.7%	13.6%
	8.1%	13.2%
	19.3%	14.8%
	8.7%	13.6%
	10.9%	10.0%
	6.9%	4.7%
	30.0%	12.2%

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