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Otis School District R-3

Learn about the people, housing, costs and businesses in Otis School District R-3, Colorado

Median Home$305,098
Median Rent$1,253/month
Population174,854
Leading IndustriesProfessional Services · Arts, Food & Hospitality2% professional services
Home Value Growth⬆⬆+16.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners64% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
Otis School District R-3
CO

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Otis School District R-3?

As of today, the 30-year fixed mortgage rate for Otis School District R-3 is approximately 6.927% (6.964% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Otis School District R-3
What is the median home price in Otis School District R-3?

The median home value in Otis School District R-3 is $305k. The median monthly rent is $1,253. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Otis School District R-3?

Home values in Otis School District R-3 have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Otis School District R-3?

Based on a typical all-in ownership cost of $1,341/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Otis School District R-3 is $80k/year.

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What industries drive the economy in Otis School District R-3?

The largest employment sectors in Otis School District R-3 are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.