Otwell, IN Foreclosures
How much do homes sell for in Otwell, IN?
The average home price is currently $247,715.
In Otwell, IN, how many homes are available?
There are currently 3 active home listings available in Otwell.
What’s the average rental cost in Otwell, IN?
The average rental price in Otwell is $1,078.
What is the most expensive home in Otwell?
The most expensive home sold in Otwell had a price of $900,871.
What is currently the cheapest priced home in Otwell, IN?
The cheapest home for sale in Otwell is priced at $29,596.
Living in Otwell, IN
Otwell, Indiana, is a charming small town known for its tight-knit community and beautiful surroundings. Residents enjoy outdoor activities, local shops, and a tranquil lifestyle. With rich historical roots and family-friendly amenities, Otwell is perfect for those looking for a peaceful place to call home.
Current Market Conditions in Otwell, IN
The real estate market in Otwell is characterized by stable prices and a consistent demand for homes, particularly from families and retirees. Recent trends show that there is a growing interest in properties that offer more space and connection to nature, reflecting a shift as more people seek a peaceful lifestyle outside major urban areas. Housing supply remains limited, which has kept prices relatively steady, making this an attractive option for buyers looking for affordable housing options with good potential for appreciation.
Investors may find Otwell appealing due to its competitive pricing compared to surrounding cities and towns. The community is becoming increasingly popular among those looking to escape busier lifestyles, contributing to the steady rise in home values over time.
Home Value Estimator For Otwell, IN
There are currently 555 real estate properties
in Otwell, IN,
with a median automated valuation model (AVM) price
of $211,358.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otwell, 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 Otwell, IN,
is $247,715.00, with the most expensive house
in Otwell, IN, topping out
at $900,871.00 and the cheapest home
in Otwell, IN,
clocking in at $29,596.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otwell, IN!
Rent Prices
In Otwell, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otwell, IN, is on
a rollercoaster ride. The
average rent price in Otwell, IN,
is $1,078.00. Indeed, when looking to rent in
Otwell, IN, you can expect to pay as little
as $480.00 or as much
as $1,900.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Otwell, 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
