Otis, CO housing market
The typical Otis home is worth about $249,000, up 4.9% in a year, 53% below the Colorado typical home.
Home values, sales, trends and how Otis compares with the towns next door — updated as new data is published.
Otis at a glance
Typical home value, 2019–2026
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| January | Otis | Colorado |
|---|---|---|
| 2020 | $137,000 | $406,000 |
| 2021 | $170,000 | $444,000 |
| 2022 | $200,000 | $523,000 |
| 2023 | $213,000 | $548,000 |
| 2024 | $211,000 | $549,000 |
| 2025 | $221,000 | $555,000 |
| 2026 | $241,000 | $542,000 |
| August 2026 | $249,000 | $533,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Otis in 2025, all in buildings with two or more homes.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 4 | 0 | 4 | $798,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Otis is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Otis pay a median of $822, so moving in tends to cost more than staying put.
Studio $800 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (80743; Washington County, CO), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.