Otis, LA Foreclosures
How much do homes sell for in Otis, LA?
The average home price is currently $125,500.
In Otis, LA, how many homes are available?
There are currently 6 active home listings available in Otis.
What’s the average rental cost in Otis, LA?
The average rental price in Otis is $1,054.
What is the most expensive home in Otis?
The most expensive home sold in Otis had a price of $443,617.
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, Louisiana, is a charming rural community that offers a peaceful lifestyle amidst beautiful natural surroundings. Residents enjoy access to outdoor activities and a strong sense of community. With nearby amenities and a welcoming atmosphere, Otis is perfect for families and individuals seeking tranquility away from urban settings.
Current Market Conditions in Otis, LA
The real estate market in Otis has seen a steady demand in recent months, driven by buyers looking for affordable housing options in a serene environment. As the trend for remote work continues, more individuals are considering rural areas like Otis for a better quality of life.
Market trends indicate that homes in Otis are typically more affordable compared to urban locales, making it an attractive prospect for first-time homebuyers and investors looking for rental opportunities. The demand for properties remains stable, suggesting a resilient community investment.
Home Value Estimator For Otis, LA
There are currently 138 real estate properties
in Otis, LA,
with a median automated valuation model (AVM) price
of $99,298.00. 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 $125,500.00, with the most expensive house
in Otis, LA, topping out
at $443,617.00 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 $1,054.00. 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.
Learn more on Foreclosure homes
