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Otero County Housing Market

Colorado · 64 counties · Ranked #1337 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$160,700

vs national$160,700 vs $281,900 national

Median Gross Rent

$796/mo

vs national$796 vs $1,163 national

Effective Tax Rate

0.32%

vs national0.32% vs 1.02% national

Median Household Income

$54,897

vs national$54,897 vs $74,755 national

Affordability Ratio

2.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$518

Tax as % of Home Value

0.32%

Monthly Owner Cost

$831

Renter Income

$34,918

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Frequently Asked Questions

What is the median home value in Otero County?

The median home value in Otero County is $160,700. This is below the national median of $281,900.

How much is rent in Otero County?

The median gross rent in Otero County is $796 per month.

What is the property tax rate in Otero County?

The effective property tax rate in Otero County is 0.32%. The median annual property tax bill is $518.

Is Otero County affordable?

With a home-value-to-income ratio of 2.9x, Otero County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.