Market Overview
Home Prices in Otoe, NE
The median home value in Otoe, NE is $184,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otoe are priced55% below average.
Over the past five years, Otoe home values have risen by approximately23.1%, reflecting strong long-term appreciation in this market.
Price History
Otoe Home Price Trend
2020
$134,620
$135K
—
2021
$150,172
$150K
+11.6%
2022
$168,951
$169K
+12.5%
2023
$176,923
$177K
+4.7%
2024
$185,979
$186K
+5.1%
2025
$180,066
$180K
-3.2%
2026
$184,904
$185K
+2.7%
City Comparison
Otoe vs. National Median
🏠 Otoe
$184,904
National Median
$410,000
At $184,904, homes in Otoe cost 55% below the national median of $410,000. This makes Otoe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otoe?
20% Down Payment
$36,981
on $184,904
Monthly P&I
$964/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,224/mo
incl. taxes & insurance
Income Needed
$48,960
gross annual (30% rule)
10% Down Option
$18,490
+ PMI applies
Loan Amount (20% dn)
$147,923
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 Otoe, NE?
The median home value in Otoe is $184,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Otoe?
Over the past year, home values in Otoe have increased by 2.7%. Over five years, prices have risen approximately 23.1%.
How much do I need to earn to buy a home in Otoe?
To comfortably afford the median home price of $184,904 with a 20% down payment ($36,981) at today's rates (6.8%), you'd need a gross annual income of approximately $48,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Otoe compare to the national average home price?
The national median home value is approximately $410,000. At $184,904, homes in Otoe are 55% below the national average.