Otterbein, IN Foreclosures
How much do homes sell for in Otterbein, IN?
The average home price is currently $276,433.
In Otterbein, IN, how many homes are available?
There are currently 4 active home listings available in Otterbein.
What’s the average rental cost in Otterbein, IN?
The average rental price in Otterbein is $1,196.
What is the most expensive home in Otterbein?
The most expensive home sold in Otterbein had a price of $1,598,667.
What is currently the cheapest priced home in Otterbein, IN?
The cheapest home for sale in Otterbein is priced at $10,839.
Living in Otterbein, IN
Otterbein is a charming small town located in the heart of Indiana, known for its close-knit community and serene rural environment. It offers residents a peaceful lifestyle away from the hustle and bustle of larger cities while still providing access to essential amenities. The town is characterized by its friendly atmosphere, making it an ideal place for families and individuals seeking a quieter life.
Current Market Conditions in Otterbein, IN
The real estate market in Otterbein has remained stable over the last few months, with consistent demand for homes due to the area's affordable housing prices and appealing community aspects. Many buyers are attracted to the low cost of living and the availability of larger properties, making the market favorable for both first-time buyers and those looking to invest in rental properties.
Recently, Otterbein has seen an influx of retirees and families moving from nearby larger cities, attracted by the peaceful lifestyle and affordable housing. This trend has contributed to a gradual appreciation in property values, though the market remains hospitable for buyers. With homes averaging around $150,000, it is an appealing location for those looking for value.
Home Value Estimator For Otterbein, IN
There are currently 801 real estate properties
in Otterbein, IN,
with a median automated valuation model (AVM) price
of $214,818.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otterbein, IN, 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 Otterbein, IN,
is $276,433.00, with the most expensive house
in Otterbein, IN, topping out
at $1,598,667.00 and the cheapest home
in Otterbein, IN,
clocking in at $10,839.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otterbein, IN!
Rent Prices
In Otterbein, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otterbein, IN, is on
a rollercoaster ride. The
average rent price in Otterbein, IN,
is $1,196.00. Indeed, when looking to rent in
Otterbein, IN, you can expect to pay as little
as $690.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Otterbein, IN
-- 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
