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Otway

Learn about the people, housing, costs and businesses in Otway, Ohio

Median Home$79,500
Median Rent$773/month
Population85
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media5% professional services
Home Value Growth⬆⬆+18.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners84% of occupied units
NotableAffordable Market$80k median home · lower cost than 97% of the country
Otway
OH

Frequently Asked Questions

What are today's mortgage rates in Otway?

As of today, the 30-year fixed mortgage rate for Otway is approximately 6.919% (6.956% 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 Otway?

The median home value in Otway is $80k. The median monthly rent is $773. Annual property taxes average $961. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Otway?

Home values in Otway have increased 18.2% 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 Otway?

Based on a typical all-in ownership cost of $672/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Otway is $70k/year.

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What industries drive the economy in Otway?

The largest employment sectors in Otway are public administration (20%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.