Market Overview
Home Prices in Otley, IA
The median home value in Otley, IA is $361,663 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otley are priced12% below average. Otley is part of the Pella, IA metro area.
Over the past five years, Otley home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Otley Home Price Trend
2020
$237,153
$237K
—
2021
$271,132
$271K
+14.3%
2022
$324,998
$325K
+19.9%
2023
$332,253
$332K
+2.2%
2024
$342,554
$343K
+3.1%
2025
$358,083
$358K
+4.5%
2026
$361,663
$362K
+1.0%
City Comparison
Otley vs. National Median
🏠 Otley
$361,663
National Median
$410,000
At $361,663, homes in Otley cost 12% below the national median of $410,000. This makes Otley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otley?
20% Down Payment
$72,333
on $361,663
Monthly P&I
$1,886/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,395/mo
incl. taxes & insurance
Income Needed
$95,800
gross annual (30% rule)
10% Down Option
$36,166
+ PMI applies
Loan Amount (20% dn)
$289,330
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 Otley, IA?
The median home value in Otley is $361,663 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Otley?
Over the past year, home values in Otley have increased by 1%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Otley?
To comfortably afford the median home price of $361,663 with a 20% down payment ($72,333) at today's rates (6.8%), you'd need a gross annual income of approximately $95,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Otley compare to the national average home price?
The national median home value is approximately $410,000. At $361,663, homes in Otley are 12% below the national average.
What metro area is Otley part of?
Otley is part of the Pella, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.