Living in 47163 Otisco, Indiana offers residents an excellent housing market. The median value of a house in this area is $246,400, which is significantly lower than the US House median value of $338,100. This means that those looking to purchase a house in this area can get more for their money. In addition, the one year appreciation rate for homes in Otisco is 13.41%, which is much higher than the national one year house appreciation rate of 8.27%. This indicates that real estate investment in this area has been a sound decision over the past year and could be a great decision for those looking to buy a home now as well.
The median home cost in Otisco (zip 47163) is $246,400. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Otisco (zip 47163) is up 15.2%.
Average Age of Homes
- The median age of Otisco (zip 47163) real estate is 25 years old
The Rental Market in Otisco (zip 47163)
- Renters make up 19.6% of the Otisco (zip 47163) population
- 7.0% of houses and apartments in Otisco (zip 47163), 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.