The typical owner-occupied home in Oto is worth about $56,700, 73% below the Iowa median of $208,000 and 83% below the national median of $332,700. Owners pay a median $554 a year in property taxes, about 0.98% of their home's value, lower than the Iowa rate of 1.39%. 89% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Oto at a glance
| Oto | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $56,700 | $208,000 | $332,700 |
| Median property tax paid per year | $554 | $2,897 | $3,119 |
| Property tax as a share of value | 0.98% | 1.39% | 0.94% |
| Median household income | – | $75,059 | $80,734 |
| Homes lived in by their owners | 89% | 72% | 65% |
| Owner homes with a mortgage | 18% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $800 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1944 | 1972 | 1980 |
| Vacant homes | 24.0% | 8.5% | 10.1% |
| Population | 68 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Oto
At this week's average 30-year rate of 7.11%, buying the median Oto home of $56,700 with 20% down costs about $375 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $470, 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 $16,074 for the 20%-down payment.
| Down payment | $11,340 |
|---|---|
| Loan amount | $45,360 |
| Principal and interest | $305 |
| Property taxes (0.98% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $375 |
Change the numbers in the calculator
| Down payment | $1,984 |
|---|---|
| Loan amount | $55,673 |
| Principal and interest | $375 |
| Property taxes (0.98% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $470 |
Change the numbers in the calculator
Questions about home buying in Oto
What is the median home value in Oto?
About $56,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oto?
Homeowners pay a median $554 a year, which is about 0.98% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oto?
For the median home with 20% down at 7.11%, the payment is about $375 a month. Keeping that under 28% of gross income takes about $16,074 a year.
More about Oto
- Mortgage Refinance in Oto
- Debt Relief in Oto
- Home Equity Loans in Oto
- 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