Otterbein, IN
Population 1,414 · Indiana
About Otterbein, IN
Otterbein is a small town located in Indiana with a population of 1,414 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,676 per year, which is 15% below the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Otterbein features a median home value of $137,400, which is 44% below the national median of $244,900. This makes Otterbein one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $896, 23% below the national average of $1,163/month. Of the 610 total housing units, 72% are owner-occupied (415 units) and 28% are renter-occupied (159 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Otterbein shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Otterbein have an average one-way commute time of 25.4 minutes.
Education & Demographics
18.6% of Otterbein residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.1% White, 1.9% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Otterbein, IN
Compared to national averages, Otterbein has a median household income of $63,676 (15% below the national median of $75,149). Home values average $137,400, which is 44% below the national median. Monthly rent at $896 is 23% below the US average of $1,163. Within Indiana, Otterbein's income is 8% below the state average of $69,330, and home values are 16% below the state median of $163,409.
Why Live in Otterbein, IN?
Otterbein offers affordable housing with a median home value of $137,400, below the US average of $244,900, and rent that’s lower than the national average at $896/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 5.5%, better than the national average.
Potential considerations include median household income ($63,676) that falls below the national average. However, Otterbein’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Otterbein has a population of 1,414 with a median age of 35.8 years. Compare Otterbein with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Otterbein
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Whitley | 1,412 | $59,191 | $130,300 | Compare |
| Warren Park | 1,411 | $39,865 | $194,400 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | Compare |
| Lake Dalecarlia | 1,421 | $115,588 | $313,200 | Compare |
| Fairview Park | 1,426 | $58,929 | $109,300 | Compare |
| Darmstadt | 1,428 | $96,458 | $293,200 | Compare |
| Trafalgar | 1,433 | $83,214 | $216,400 | Compare |
| Montpelier | 1,444 | $42,833 | $77,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Otterbein With Other Cities
Frequently Asked Questions about Otterbein
What is the population of Otterbein, IN?
The population of Otterbein, IN is 1,414 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Otterbein?
The median household income in Otterbein, IN is $63,676 per year, which is 15% below the national median of $75,149.
What is the median home value in Otterbein?
The median home value in Otterbein, IN is $137,400, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Otterbein?
The median monthly rent in Otterbein, IN is $896, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Otterbein?
The unemployment rate in Otterbein, IN is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Otterbein, IN a good place to live?
Otterbein offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,414 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Otterbein, IN?
18.6% of residents in Otterbein aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Otterbein?
Key cost-of-living indicators for Otterbein, IN: median home value is $137,400 (44% below national), median rent is $896/month, and median household income is $63,676. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Otterbein?
The poverty rate in Otterbein, IN is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Otterbein, IN?
Otterbein's population is 3.1% White, 1.9% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 2.1% two or more races. 1.3% of residents are foreign-born.