Foreclosure Homes in Otwell, IN

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$113,560 EMV

N State Road 257
Otwell, IN 47564

4 Bed | 2 Bath | 2,052 Sq. Ft.

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Home Value Estimator For Otwell, IN

There are currently 178 real estate properties in Otwell, IN, with a median automated valuation model (AVM) price of $166,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otwell, IN, 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 Otwell, IN, is $185,444.00, with the most expensive house in Otwell, IN, topping out at $496,500.00 and the cheapest home in Otwell, IN, clocking in at $74,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Otwell, IN!

Rent Prices In Otwell, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otwell, IN, is on a rollercoaster ride. The average rent price in Otwell, IN, is $1,182.00. Indeed, when looking to rent in Otwell, IN, you can expect to pay as little as $800.00 or as much as $1,880.00, 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 Otwell, IN -- 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.

Foreclosure Homes in Otwell, IN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Otwell, IN area at Get information on foreclosure homes for rent, how to buy foreclosures in Otwell, IN and much more. Save thousands at closing with home foreclosure listings in Otwell, IN — up to 75% off market value!

Top Reasons To Live In Otwell, IN In 2021

Otwell is located in Pike, Indiana, with an estimated municipal population of 390 residents. All of the best foreclosed homes for sale in Otwell are located in the following zip code areas on 47564. The estimated population per square kilometer (.62 miles) in Otwell is 84.

Diversity And Demographics In Otwell, Indiana

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 Otwell, 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 Otwell is 51.2, split between 42.3 percent male versus 57.7 female. The percentage of residents who report being married in Otwell is 43.2, with an average family size of 2.43.

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

White 94.1%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 5.9%

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

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

Under 10 7.5%
Aged 10-19 1.8%
20s 10.5%
30s 17%
40s 6.7%
50s 30.8%
60s 14.9%
70s 11.1%
80+ 0%

Best Schools In Otwell, Indiana

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

Pros And Cons Of Living In Otwell, Indiana

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

  • 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 Otwell.

Reasons To Move To Otwell, Indiana, In 2021

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


Listing types in Otwell, IN

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