Otho, IA Foreclosures
How much do homes sell for in Otho, IA?
The average home price is currently $153,219.
In Otho, IA, how many homes are available?
There are currently 18 active home listings available in Otho.
What’s the average rental cost in Otho, IA?
The average rental price in Otho is $1,044.
What is the most expensive home in Otho?
The most expensive home sold in Otho had a price of $783,300.
What is currently the cheapest priced home in Otho, IA?
The cheapest home for sale in Otho is priced at $19,682.
Living in Otho, IA
Otho, Iowa is a small community that embodies the charm of rural living with a strong sense of community and ample outdoor activities. Known for its friendly residents and scenic surroundings, Otho offers a peaceful lifestyle that’s ideal for families and those seeking tranquility. Its proximity to larger cities ensures access to essential amenities while preserving a quaint atmosphere.
Current Market Conditions in Otho, IA
The real estate market in Otho has seen a steady increase in demand over the past few months, with property values slowly rising as more individuals and families look to settle in smaller towns. This trend is partly driven by the current interest in remote work, allowing residents to choose homes in peaceful areas.
While the inventory of homes for sale remains modest, buyers are drawn to the affordability of properties in Otho compared to larger cities. This has led to more competitive bidding on available homes, particularly those that are well-maintained or recently updated.
Home Value Estimator For Otho, IA
There are currently 363 real estate properties
in Otho, IA,
with a median automated valuation model (AVM) price
of $115,851.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otho, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Otho, IA,
is $153,219.00, with the most expensive house
in Otho, IA, topping out
at $783,300.00 and the cheapest home
in Otho, IA,
clocking in at $19,682.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otho, IA!
Rent Prices
In Otho, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otho, IA, is on
a rollercoaster ride. The
average rent price in Otho, IA,
is $1,044.00. Indeed, when looking to rent in
Otho, IA, you can expect to pay as little
as $700.00 or as much
as $1,700.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Otho, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
