Ottumwa Housing Information

IndexOttumwaIowaNational
Median home price$73,200$132,800$184,700
Median rent asked$624$715$949
Avg. people per household2.32.42.6
Owner occupied households67.4%71.1%63.6%
Renter occupied households32.6%28.9%36.4%
Above, you will see a summary of real estate in Ottumwa, IA. On average, homes in Ottumwa, IA cost $73,200, a value that is 45% lower than the average in Iowa. In general terms, this results in Ottumwa, IA real estate being more affordable than Iowa real estate. On average, people who rent houses in Ottumwa, IA pay $624; this value is 13% lower than the average amount renters pay in Iowa. 67.4% of Ottumwa, IA residents own their own homes and, on average, each of the homes has 2.3 occupants. Ottumwa, IA real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Ottumwa, IA is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Ottumwa Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Ottumwa, IA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Ottumwa, IA’s median home price stands at $73,200 while $38,090 is the value of the average household income. The resulting home price to income ratio, which is 1.9x, differs from the Iowa average as the ratio is 21% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Ottumwa, IA are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Ottumwa, IA.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Chillicothe, IA97$47,10074%
Floris, IA246$50,00073%
Unionville, IA78$51,70072%
Eldon, IA890$52,20072%
Kirkville, IA179$52,80071%
Ottumwa, IA24,709$73,20060%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Emporia, KS24,707$87,80052%
Mauldin, SC24,723$154,80016%
Inkster, MI24,738$45,00076%
Sanger, CA24,741$168,0009%
Ponca City, OK24,753$86,00053%
Ottumwa, IA24,709$73,20060%

Source: The Ottumwa, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
Are you looking to buy or sell?
What style of home are you
What is your
$100K$250K$500K$750K$1M+
When are you looking to
ASAP1-3 mos.3-6 mos.6-9 mos.1 yr+
Connect with top real estate agents
By submitting this form, you consent to receive text messages, emails, and/or calls (may be recorded; and may be direct, autodialed or use pre-recorded/artificial voices even if on the Do Not Call list) from AreaVibes or our partner real estate professionals and their network of service providers, about your inquiry or the home purchase/rental process. Messaging and/or data rates may apply. Consent is not a requirement or condition to receive real estate services. You hereby further confirm that checking this box creates an electronic signature with the same effect as a handwritten signature.