Market Overview
Home Prices in Otwell, IN
The median home value in Otwell, IN is $228,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.7% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otwell are priced44% below average. Otwell is part of the Jasper, IN metro area.
Over the past five years, Otwell home values have risen by approximately40.8%, reflecting strong long-term appreciation in this market.
Price History
Otwell Home Price Trend
City Comparison
Otwell vs. National Median
At $228,086, homes in Otwell cost 44% below the national median of $410,000. This makes Otwell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otwell?
20% Down Payment
$45,617
on $228,086
Monthly P&I
$1,190/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,511/mo
incl. taxes & insurance
Income Needed
$60,440
gross annual (30% rule)
10% Down Option
$22,809
+ PMI applies
Loan Amount (20% dn)
$182,469
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 Otwell, IN?
The median home value in Otwell is $228,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.7% year-over-year.
How much have home prices changed in Otwell?
Over the past year, home values in Otwell have increased by 9.7%. Over five years, prices have risen approximately 40.8%.
How much do I need to earn to buy a home in Otwell?
To comfortably afford the median home price of $228,086 with a 20% down payment ($45,617) at today's rates (6.8%), you'd need a gross annual income of approximately $60,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Otwell compare to the national average home price?
The national median home value is approximately $410,000. At $228,086, homes in Otwell are 44% below the national average.
What metro area is Otwell part of?
Otwell is part of the Jasper, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.