The typical owner-occupied home in Otter Creek is worth about $30,800, 91% below the Florida median of $359,000 and 91% below the national median of $332,700. The median household earns $63,295 a year, so the median home costs 0.5 times the median income (4.8 times for Florida). 35% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Otter Creek at a glance
| Otter Creek | Florida | U.S. | |
|---|---|---|---|
| Median home value | $30,800 | $359,000 | $332,700 |
| Median property tax paid per year | – | $2,730 | $3,119 |
| Median household income | $63,295 | $74,568 | $80,734 |
| Homes lived in by their owners | 35% | 68% | 65% |
| Owner homes with a mortgage | 0% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,959 | $1,963 |
| Median rent | – | $1,669 | $1,413 |
| Median year homes were built | 1987 | 1988 | 1980 |
| Vacant homes | 29.2% | 14.7% | 10.1% |
| Population | 142 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Otter Creek
At this week's average 30-year rate of 7.11%, buying the median Otter Creek home of $30,800 with 20% down costs about $207 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $258, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $8,864 for the 20%-down payment. That payment is 4% of the median Otter Creek household income of $63,295; at that income and 20% down, the 28% guideline points to a home of about $220,000.
| Down payment | $6,160 |
|---|---|
| Loan amount | $24,640 |
| Principal and interest | $166 |
| Property taxes (1.10% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| PMI | $0 |
| Total per month | $207 |
Change the numbers in the calculator
| Down payment | $1,078 |
|---|---|
| Loan amount | $30,242 |
| Principal and interest | $203 |
| Property taxes (1.10% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $13 |
| FHA mortgage insurance | $14 |
| Total per month | $258 |
Change the numbers in the calculator
Questions about home buying in Otter Creek
What is the median home value in Otter Creek?
About $30,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Otter Creek?
For the median home with 20% down at 7.11%, the payment is about $207 a month. Keeping that under 28% of gross income takes about $8,864 a year.
More about Otter Creek
- Mortgage Refinance in Otter Creek
- Debt Relief in Otter Creek
- Home Equity Loans in Otter Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data