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 |
How much equity Oto owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Oto home of $56,700, 80% is $45,360.
82% of Oto owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $45,360 to $48,195 |
|---|---|
| Owe $14,175 | $31,185 to $34,020 |
| Owe $28,350 | $17,010 to $19,845 |
| Owe $36,855 | $8,505 to $11,340 |
Before the lender's own limits, fees and your credit and income checks.
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Questions about home equity loans 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.
How much can I borrow against my home in Oto?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $56,700, an 80% limit is $45,360 before subtracting your mortgage.
More about Oto
- Mortgage Refinance in Oto
- Home Buying in Oto
- Debt Relief 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