The housing market in 01253 Otis, MA has been performing well over the last year. The median value of a house in this area is currently $400,300, which is much higher than the US median value of $338,100. Additionally, the 1 year appreciation rate for houses in this area is 16.87%, more than double the national rate of 8.27%. This indicates that property values in Otis are rising faster than elsewhere. It's no surprise that many people are investing in housing in this area as it looks likely that home values will continue to increase.
The median home cost in Otis (zip 01253) is $400,300. Home appreciation the last 10 years has been 59.1%. Home Appreciation in Otis (zip 01253) is up 14.6%.
Average Age of Homes
- The median age of Otis (zip 01253) real estate is 38 years old
The Rental Market in Otis (zip 01253)
- Renters make up 3.1% of the Otis (zip 01253) population
- 1.2% of houses and apartments in Otis (zip 01253), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.