Otwell, IN
Population 430 · Indiana
About Otwell, IN
Otwell is a small community located in Indiana with a population of 430 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,422 per year, which is 37% below the national median of $75,149. The median age of 30 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 Otwell features a median home value of $126,200, which is 48% below the national median of $244,900. This makes Otwell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 183 total housing units, 66% are owner-occupied (120 units) and 34% are renter-occupied (63 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Otwell shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.6%, above the national average of 12.4%. Workers in Otwell have an average one-way commute time of 14.1 minutes, one of the shorter commutes in the region.
Education & Demographics
7.3% of Otwell 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Otwell, IN
Compared to national averages, Otwell has a median household income of $47,422 (37% below the national median of $75,149). Home values average $126,200, which is 48% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Otwell's income is 32% below the state average of $69,330, and home values are 23% below the state median of $163,409.
Why Live in Otwell, IN?
Otwell offers affordable housing with a median home value of $126,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 14.1 minutes.
Potential considerations include median household income ($47,422) that falls below the national average. However, Otwell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Otwell has a population of 430 with a median age of 30 years. Compare Otwell with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Otwell
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Big Lake | 430 | $120,625 | $216,200 | Compare |
| Waveland | 431 | $60,956 | $96,800 | Compare |
| New Washington | 432 | $84,141 | $193,000 | Compare |
| Chain-O-Lakes | 427 | $71,010 | $255,300 | Compare |
| Michiana Shores | 433 | $92,500 | $448,300 | Compare |
| Wilkinson | 427 | $63,500 | $132,500 | Compare |
| Amo | 426 | $76,250 | $151,600 | Compare |
| Center | 436 | $83,569 | $239,500 | 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.
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Frequently Asked Questions about Otwell
What is the population of Otwell, IN?
The population of Otwell, IN is 430 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Otwell?
The median household income in Otwell, IN is $47,422 per year, which is 37% below the national median of $75,149.
What is the median home value in Otwell?
The median home value in Otwell, IN is $126,200, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Otwell?
The median monthly rent in Otwell, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Otwell?
The unemployment rate in Otwell, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Otwell, IN a good place to live?
Otwell offers a moderate cost of living, affordable housing, and a strong job market. With a population of 430 and a median age of 30, the city appeals to young professionals and families.
How educated is Otwell, IN?
7.3% of residents in Otwell 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 Otwell?
Key cost-of-living indicators for Otwell, IN: median home value is $126,200 (48% below national), median rent is $0/month, and median household income is $47,422. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Otwell?
The poverty rate in Otwell, IN is 21.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Otwell, IN?
Otwell's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.