Living in Otter Creek, FL
Otter Creek, FL is a serene and close-knit community nestled in Levy County. With abundant outdoor activities and a peaceful lifestyle, it caters to nature lovers and those seeking a slower pace of life. The town offers essential amenities and strong educational institutions, making it an appealing choice for families and retirees alike.
Current Market Conditions in Otter Creek, FL
The real estate market in Otter Creek has shown a steady increase in home values over the past few years, driven primarily by the area's appeal to those looking for a quieter lifestyle away from the city. As interest in rural living continues to grow, properties in Otter Creek are becoming more sought after, with homes typically selling faster than the previous year.
The overall market remains competitive, with a variety of homes ranging in price and size, attracting both first-time buyers and investors. Homes in Otter Creek often feature large lots and proximity to natural attractions, making them attractive options for those seeking outdoor recreation.
Home Value Estimator For Otter Creek, FL
There are currently 47 real estate properties
in Otter Creek, FL,
with a median automated valuation model (AVM) price
of $134,602.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otter Creek, FL, 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 Otter Creek, FL,
is $153,312.00, with the most expensive house
in Otter Creek, FL, topping out
at $402,231.00 and the cheapest home
in Otter Creek, FL,
clocking in at $38,074.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otter Creek, FL!
Rent Prices
In Otter Creek, FL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otter Creek, FL, is on
a rollercoaster ride. The
average rent price in Otter Creek, FL,
is $739.00. Indeed, when looking to rent in
Otter Creek, FL, you can expect to pay as little
as $500.00 or as much
as $1,030.00,
with the average rent median estimated to
be $740.00. The good news is that finding
an affordable and desirable property to rent in Otter Creek, FL
-- 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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