The housing market in Otto, NC (28763) is booming! The median housing value is $258,100, which is significantly lower than the national median home value of $338,100. This provides an excellent opportunity for potential buyers to purchase a home in Otto at a much lower cost than the national average. Not only does Otto offer great values on homes, but the one year house appreciation rate is also significantly higher than the national average. In Otto, the house appreciation rate over the last year was 18.83%, which is nearly 10% higher than the US 1 year house appreciation rate of 8.27%. This makes purchasing a home in Otto an even better decision for those looking to increase their investment and take advantage of favorable housing conditions.
The median home cost in Otto (zip 28763) is $258,100. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Otto (zip 28763) is up 22.1%.
Average Age of Homes
- The median age of Otto (zip 28763) real estate is 32 years old
The Rental Market in Otto (zip 28763)
- Renters make up 19.0% of the Otto (zip 28763) population
- 0.0% of houses and apartments in Otto (zip 28763), 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.