Quick facts: Otis, MA

Quick Facts

119.6
Cost of Living
above US average
1,548
Population
3.23
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$399,500
Median House Price
above US average
$2900.0
Average Rent
above US average
8%
Poverty Rate
below US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $65,000
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Income Needed to Rent

⚠ Stretch
$124k/year
Based on $2900.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $124k vs median $65,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Otis, MA

Otis, Massachusetts, is a small, picturesque town located in Berkshire County in the western part of the state. Nestled in the foothills of the Berkshire Mountains, Otis is known for its beautiful natural surroundings, including lakes, forests, and rolling hills, making it a popular destination for outdoor enthusiasts. The town is home to Otis Reservoir, which is the largest body of water in the area and offers opportunities for swimming, boating, and fishing. In addition to the recreational activities on the reservoir, residents and visitors can enjoy hiking, biking, and exploring the many trails and state forests nearby. Otis boasts a tight-knit community with a rich history, reflected in its charming architecture and local events. The town has a rural character, with a small population that contributes to a friendly and welcoming atmosphere. While it offers a peaceful retreat, Otis is also conveniently located near larger towns and cities, providing access to cultural attractions, shopping, and dining. Overall, Otis is an idyllic spot for those seeking natural beauty and a tranquil lifestyle in the Berkshires.

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