Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Oto

Learn about the people, housing, costs and businesses in Oto, Iowa

Median Home$227,300
Median Rent$838/month
Population72
Leading IndustriesInformation & Media · Manufacturing · Retail8% information & media
Home Value Growth+8.2% over 2 years
Young Adults26% of residents
Homeowners83% of occupied units
NotableHigh Incomes$86k/year · top 29% nationally
Oto
IA

Frequently Asked Questions

What are today's mortgage rates in Oto?

As of today, the 30-year fixed mortgage rate for Oto is approximately 7.106% (7.152% 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 Oto
What is the median home price in Oto?

The median home value in Oto is $227k. The median monthly rent is $838. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oto?

Home values in Oto have increased 8.2% over the past two years. This represents moderate growth. 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 Oto?

Based on a typical all-in ownership cost of $933/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oto is $86k/year.

Calculate your buying power
What industries drive the economy in Oto?

The largest employment sectors in Oto are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.