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Otis, CO Real Estate


According to census data in the year 2000 there were 251 housing units in Otis. This represents a 0.8% growth from 249 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 251 were located in what is classified as a rural area.

Homeownership rate in Otis is about 78.4%. Otis's vacancy rate, including seasonal lodging, is about 11.6%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Otis were built after 1948.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom7.60%
Two Bedrooms43%
Three Bedrooms25.50%
Four Bedrooms14.30%
Five Bedrooms or more8.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1948
Median Value of occupied units$55,700
Median Price asked for vacant units$72,500

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1949
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.90%
Home Equity Loan1.40%
Simple Mortgage39.90%
Debt Free55.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.9%