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Foreclosure Homes in East Otto, NY

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East Otto, NY Foreclosures

How much do homes sell for in East Otto, NY?
The average home price is currently $158,446.
In East Otto, NY, how many homes are available?
There are currently 338 active home listings available in East Otto.
What’s the average rental cost in East Otto, NY?
The average rental price in East Otto is $1,140.
What is the most expensive home in East Otto, New York?
The most expensive home sold in East Otto had a price of $754,750.
What is currently the cheapest priced home in East Otto, NY?
The cheapest home for sale in East Otto is priced at $17,690.

Home Value Estimator For East Otto, NY

There are currently 338 real estate properties in East Otto, NY, with a median automated valuation model (AVM) price of $139,736.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Otto, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in East Otto, NY, is $158,446.00, with the most expensive house in East Otto, NY, topping out at $754,750.00 and the cheapest home in East Otto, NY, clocking in at $17,690.00. In other words, there’s something for every potential homebuyer or savvy investor in East Otto, NY!


Rent Prices In East Otto, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Otto, NY, is on a rollercoaster ride. The average rent price in East Otto, NY, is $1,140.00. Indeed, when looking to rent in East Otto, NY, you can expect to pay as little as $800.00 or as much as $2,460.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in East Otto, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In East Otto, NY In 2024

East Otto is located in Cattaraugus, New York, with an estimated municipal population of 1,054 residents. All of the best foreclosed homes for sale in East Otto are located in the following zip code areas on Foreclosure.com: 14729 14719. The estimated population per square kilometer (.62 miles) in East Otto is 9.


Cost Of Living In East Otto, NY

So, about how much do homes cost in East Otto? The most recent median value of resident-owned homes in East Otto is 102,469. An estimated 80.5 percent of households in East Otto own their homes, with an average family size of 2.84. The median household income in East Otto is 66,607, with16 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Otto, the median commute time of resident workers (in minutes) is 32. And last, but certainly not least, are you looking for homes to rent in East Otto? If so, the average rent price paid by renters in East Otto is 709, according to recent statistics.


Diversity And Demographics In East Otto, New York

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to East Otto, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in East Otto is 42.2, split between 55.3 percent male versus 44.7 female. The percentage of residents who report being married in East Otto is 47.7, with an average family size of 2.84.

The percentage of residents who report their race in East Otto is as follows:

White 99.4%
Black / African American 0.2%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 0.1%

Looking for family-friendly neighborhoods in and/or near East Otto? Or maybe you are searching for 55+ active adult communities in and/or near East Otto?

The percentage of residents who report their age in East Otto is as follows:

Under 10 10.3%
Aged 10-19 7.6%
20s 19.3%
30s 9.8%
40s 11.9%
50s 18.5%
60s 12.7%
70s 6.4%
80+ 3.5%

Best Schools In East Otto, New York

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in East Otto with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Otto.


Pros And Cons Of Living In East Otto, New York

How do you know that living in -- or moving to -- East Otto is right where you need to be? Perhaps you grew up in East Otto or already live nearby; therefore, the decision to buy a home in East Otto is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Otto for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in East Otto:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Otto.


Reasons To Move To East Otto, New York, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Otto can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Otto, meanwhile, can field multiple offers from more qualified buyers.

East Otto, NY Foreclosures


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