Market Overview
Home Prices in Otterbein, IN
The median home value in Otterbein, IN is $227,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otterbein are priced45% below average. Otterbein is part of the Lafayette-West Lafayette, IN metro area.
Over the past five years, Otterbein home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Otterbein Home Price Trend
City Comparison
Otterbein vs. National Median
At $227,242, homes in Otterbein cost 45% below the national median of $410,000. This makes Otterbein a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otterbein?
20% Down Payment
$45,448
on $227,242
Monthly P&I
$1,185/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,505/mo
incl. taxes & insurance
Income Needed
$60,200
gross annual (30% rule)
10% Down Option
$22,724
+ PMI applies
Loan Amount (20% dn)
$181,794
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 Otterbein, IN?
The median home value in Otterbein is $227,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Otterbein?
Over the past year, home values in Otterbein have increased by 1.2%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Otterbein?
To comfortably afford the median home price of $227,242 with a 20% down payment ($45,448) at today's rates (6.8%), you'd need a gross annual income of approximately $60,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Otterbein compare to the national average home price?
The national median home value is approximately $410,000. At $227,242, homes in Otterbein are 45% below the national average.
What metro area is Otterbein part of?
Otterbein is part of the Lafayette-West Lafayette, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.