Home prices
Otter Lake's median home value is $101,200. This is about $23,960 (31%) higher compared to its nearby areas.In comparison to the US as a whole it is about $116,300 (53%) lower, and compared to the city of Detroit is approximately $52,000 (105%) higher.
Rents
The median monthly rent in Otter Lake is $950. This is roughly $230 (32%) higher in comparison to the surrounding areas.In comparison to the United States as a whole it is about $112 (10%) lower, and in comparison to the city of Detroit is approximately $126 (15%) higher.
Nearby places
Otisville
Otisville is roughly 4 miles southwest from Otter Lake. Real estate prices there are a lot less expensive. The median home in Otisville is valued at $64,100, which is $37,100 (57%) lower than Otter Lake. The rent there is substantially less expensive. Otisville's median rent is $683 per month, which is $267 (39%) lower than Otter Lake.
Columbiaville
Columbiaville is about 4 miles southeast from Otter Lake. Its real estate prices are a little less expensive. Columbiaville's median home value is $83,600, which is $17,600 (21%) lower than Otter Lake. The rent there is a little less expensive. Columbiaville's median monthly rent is $902, which works out to $48 (5%) lower than Otter Lake.
Millington
Millington is approximately 5 miles northwest from Otter Lake. The housing prices there are a bit less expensive. The cost of the median home in Millington is $84,400, which is $16,800 (19%) lower than Otter Lake. The rent there is somewhat less expensive. In Millington the median rent is $754 a month, which works out to $196 (25%) lower than Otter Lake.
Mayville
Mayville is roughly 9 miles northeast of Otter Lake. The real estate prices there are a lot less expensive. The median home in Mayville is valued at $68,600, which works out to $32,600 (47%) lower than Otter Lake. The rent there is a lot less expensive. The median rent in Mayville is $623 per month, which is $327 (52%) lower than Otter Lake.
Vassar
Vassar is approximately 11 miles northwest of Otter Lake. Its real estate prices are a bit less expensive. The price of the median home in Vassar is $85,500, which comes out to $15,700 (18%) lower than Otter Lake. Rents there are substantially less expensive. In Vassar the median rent is $636 a month, which comes out to $314 (49%) lower than Otter Lake.
