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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 Type0%
One Bedroom5.70%
Two Bedrooms24.50%
Three Bedrooms51.70%
Four Bedrooms14.70%
Five Bedrooms or more3.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1956
Median Value of occupied units$78,400
Median Price asked for vacant units$67,500

Rented Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1961
Median Monthly Rent asked for vacant units$429

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage11.90%
Home Equity Loan9.90%
Simple Mortgage48.40%
Debt Free29.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%