Otterbein, IN Real Estate
According to census data in the year 2000 there were 511 housing units in Otterbein.
This represents a 4.3% growth from 490 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 511 were located in what is classified as a rural area.
Homeownership rate in Otterbein is about 75.1%.
Otterbein's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Otterbein were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.70% |
| Two Bedrooms | 24.50% |
| Three Bedrooms | 51.70% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $78,400 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $429 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.90% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 48.40% |
| Debt Free | 29.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
