Otwell, IN—47564
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otwell, IN
As of Oct '25, the median home price in Otwell, IN is $211,000, with a year-over-year change of 4.8%. This indicates that home prices in Otwell, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | 4.8% |
| Single Family | $212,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 4.9% |
3 Bed | $230,000 | 5.0% |
4 Bed | $260,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Otwell, IN
Otwell, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Otwell, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Otwell, IN is 20. This is a increase of 58.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 46.0% |
Listing Count | 2 | -14.0% |
| Listings as % of Homes | 0.5% | -14.0% |
Days on Market | 20 | 58.0% |
Demographics — Otwell, IN
As of the latest ACS Survey released in 2023, Otwell, IN has a population of 1,500, which has increased by 26.5% over the past 5 years. Otwell, IN is a popular place for families, as children make up 30.5% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,500 | 26.5% |
% Under 18 | 30.5% | 80.5% |
% Seniors | 13.8% | -51.1% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 10.3% | -34.8% |
As of the latest ACS Survey released in 2023, Otwell, IN is a predominantly white area, with 100.0% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Otwell, IN is black, making up 0.0% of the population. Foreign-born residents account for 0.0% of the population in Otwell, IN, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 100.0% | 1.3% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Otwell, IN
According to HUD data as of 2023, there were 70 mortgage originations in Otwell, IN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Otwell, IN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Otwell, IN
Otwell, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Otwell, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $211,000 |
| Median Household Income | $59,100 |