Market Overview
Home Prices in Otis, CO
The median home value in Otis, CO is $254,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 7.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otis are priced38% below average.
Over the past five years, Otis home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Otis Home Price Trend
2020
$143,584
$144K
—
2021
$191,584
$192K
+33.4%
2022
$222,487
$222K
+16.1%
2023
$210,240
$210K
-5.5%
2024
$220,119
$220K
+4.7%
2025
$236,673
$237K
+7.5%
2026
$254,863
$255K
+7.7%
City Comparison
Otis vs. National Median
🏠 Otis
$254,863
National Median
$410,000
At $254,863, homes in Otis cost 38% below the national median of $410,000. This makes Otis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otis?
20% Down Payment
$50,973
on $254,863
Monthly P&I
$1,329/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,688/mo
incl. taxes & insurance
Income Needed
$67,520
gross annual (30% rule)
10% Down Option
$25,486
+ PMI applies
Loan Amount (20% dn)
$203,890
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Otis, CO?
The median home value in Otis is $254,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Otis?
Over the past year, home values in Otis have increased by 7.7%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Otis?
To comfortably afford the median home price of $254,863 with a 20% down payment ($50,973) at today's rates (6.8%), you'd need a gross annual income of approximately $67,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Otis compare to the national average home price?
The national median home value is approximately $410,000. At $254,863, homes in Otis are 38% below the national average.