Otis, LA Foreclosures
How much do homes sell for in Otis, LA?
The average home price is currently $129,449.
In Otis, LA, how many homes are available?
There are currently 7 active home listings available in Otis.
What’s the average rental cost in Otis, LA?
The average rental price in Otis is $1,053.
What is the most expensive home in Otis?
The most expensive home sold in Otis had a price of $454,365.
What is currently the cheapest priced home in Otis, LA?
The cheapest home for sale in Otis is priced at $11,407.
Living in Otis, LA
Otis is a serene rural community located in Rapides Parish, Louisiana. Known for its lush greenery and tight-knit community, it offers a peaceful lifestyle with a mix of natural beauty and rural charm. Residents of Otis enjoy a slower pace of life while still being fairly close to larger urban areas for additional amenities and services.
Current Market Conditions in Otis, LA
Currently, Otis's real estate market is somewhat stable, with property values showing a modest increase. Homes typically sell within a reasonable timeframe, reflecting the growing interest in rural living as many people seek refuge from urban congestion. The average home price has increased steadily as more buyers are drawn to the serene lifestyle that Otis offers, especially among families and retirees looking for a peaceful spot to call home.
The market is characterized by single-family homes, with many properties featuring spacious lots that provide room for gardens and outdoor activities. Demand for land parcels is also growing moderately as buyers are interested in building custom homes to match personal preferences.
Home Value Estimator For Otis, LA
There are currently 159 real estate properties
in Otis, LA,
with a median automated valuation model (AVM) price
of $102,493.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otis, LA, 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 Otis, LA,
is $129,449.00, with the most expensive house
in Otis, LA, topping out
at $454,365.00 and the cheapest home
in Otis, LA,
clocking in at $11,407.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otis, LA!
Rent Prices
In Otis, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otis, LA, is on
a rollercoaster ride. The
average rent price in Otis, LA,
is $1,053.00. Indeed, when looking to rent in
Otis, LA, you can expect to pay as little
as $620.00 or as much
as $1,960.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Otis, LA
-- 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.
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