Foreclosure Homes in Otoe, NE

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View this home at Locust St Otoe NE 68417
$33,002 EMV
Locust St
Otoe, NE 68417
EST. RENT: $1,121
AUCTION: 04-23-2024
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Otoe, NE Foreclosures

How much do homes sell for in Otoe, NE?
The average home price is currently $195,857.
In Otoe, NE, how many homes are available?
There are currently 115 active home listings available in Otoe.
What’s the average rental cost in Otoe, NE?
The average rental price in Otoe is $1,024.
What is the most expensive home in Otoe, Nebraska?
The most expensive home sold in Otoe had a price of $2,669,000.
What is currently the cheapest priced home in Otoe, NE?
The cheapest home for sale in Otoe is priced at $38,651.

Home Value Estimator For Otoe, NE

There are currently 115 real estate properties in Otoe, NE, with a median automated valuation model (AVM) price of $116,353.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otoe, NE, 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 Otoe, NE, is $195,857.00, with the most expensive house in Otoe, NE, topping out at $2,669,000.00 and the cheapest home in Otoe, NE, clocking in at $38,651.00. In other words, there’s something for every potential homebuyer or savvy investor in Otoe, NE!

Rent Prices In Otoe, NE

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otoe, NE, is on a rollercoaster ride. The average rent price in Otoe, NE, is $1,024.00. Indeed, when looking to rent in Otoe, NE, you can expect to pay as little as $560.00 or as much as $2,040.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Otoe, NE -- 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 Otoe, NE In 2024

Otoe is located in Otoe, Nebraska, with an estimated municipal population of 178 residents. All of the best foreclosed homes for sale in Otoe are located in the following zip code areas on 68417. The estimated population per square kilometer (.62 miles) in Otoe is 431.

Cost Of Living In Otoe, NE

So, about how much do homes cost in Otoe? The most recent median value of resident-owned homes in Otoe is 30,074. An estimated 72.5 percent of households in Otoe own their homes, with an average family size of 3.17. The median household income in Otoe is 32,188, with7.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Otoe, the median commute time of resident workers (in minutes) is 29.4. And last, but certainly not least, are you looking for homes to rent in Otoe? If so, the average rent price paid by renters in Otoe is 906, according to recent statistics.

Diversity And Demographics In Otoe, Nebraska

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 Otoe, 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 Otoe is 31.4, split between 51.4 percent male versus 48.6 female. The percentage of residents who report being married in Otoe is 54.9, with an average family size of 3.17.

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

White 99.7%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.3%
Other 0%

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

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

Under 10 26%
Aged 10-19 8.3%
20s 9.8%
30s 16.7%
40s 5.2%
50s 18%
60s 6.6%
70s 2.8%
80+ 6.6%

Best Schools In Otoe, Nebraska

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 Otoe with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Otoe.

Pros And Cons Of Living In Otoe, Nebraska

How do you know that living in -- or moving to -- Otoe is right where you need to be? Perhaps you grew up in Otoe or already live nearby; therefore, the decision to buy a home in Otoe is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Otoe 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 Otoe:

  • 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 Otoe.

Reasons To Move To Otoe, Nebraska, 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 Otoe can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Otoe, meanwhile, can field multiple offers from more qualified buyers.

Otoe, NE Foreclosures


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