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Otis

Learn about the people, housing, costs and businesses in Otis, Colorado

Median Home$209,600
Median Rent$739/month
Population515
Leading IndustriesConstruction · Wholesale Trade · Agriculture & Mining7% construction
Home Value Growth⬆⬆⬆+32.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners70% of occupied units
NotableTransit81/100 · excellent transit access
Otis
CO

Frequently Asked Questions

What are today's mortgage rates in Otis?

As of today, the 30-year fixed mortgage rate for Otis is approximately 6.932% (6.969% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Otis?

The median home value in Otis is $210k. The median monthly rent is $739. Annual property taxes average $642. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Otis?

Home values in Otis have increased 32.0% 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?

Based on a typical all-in ownership cost of $755/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Otis is $64k/year.

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What industries drive the economy in Otis?

The largest employment sectors in Otis are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.