OtterbeinHousing & Real Estate
The median Otterbein home is valued at $158,500 (estimated market value runs 11% higher at $175,899), with median rent $926 (1.2× below Tippecanoe County median $1,124; 1.1× below Indiana median $1,062). Homeownership rate: 68.1%. That's 1.5× below the Tippecanoe County median ($239,300); 1.4× below the Indiana median ($218,200). Market is warm. Vacancy rate 5.9%. New construction makes up 7.6% of stock. A municipal building code is in effect.
- 2.5× annual income — home value vs. household income (vs Indiana 3.2×).
- 14.3 years to break even renting at the median (vs Indiana 16y).
- 4-BR rent is 2.2× a studio — rent gradient by unit size.
- Median rent 25% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $158,500 — 0.7× the Indiana median ($211,400). Median rent $926/month. homeownership rate 68.1% — above the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $894 (vs Indiana $959) |
|---|---|
| Fair Market Rent · One-bedroom rent | $1,032 (vs Indiana $1,082) |
| Fair Market Rent · Two-bedroom rent | $1,242 (vs Indiana $1,317) |
| Fair Market Rent · Three-bedroom rent | $1,489 (vs Indiana $1,612) |
| Fair Market Rent · Four-bedroom rent | $1,992 (vs Indiana $1,744) |
| Fair Market Rent · HUD FMR area | Lafayette-West Lafayette, IN HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $158,500 (vs Indiana $211,400) |
| Median Rent | $926 (vs Indiana $1,096) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Indiana median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Indiana median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Indiana median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 42.0% (vs Indiana 74.7%) |
| Broadband · Broadband-capable premises | 602 |
| Electricity · Electricity rate (¢/kWh) | 14.77¢/kWh |
| Electricity · Customers | 3056216 |
| Electricity · Revenue Millions | $4,880 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% (at Indiana median) |
| Mobile Broadband · 5G mobile coverage | 100% (at Indiana median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 68.1% (vs Indiana 61.9%) |
|---|---|
| Median Year Built | 1970 |
Sources: U.S. Census Bureau, ACS 5-Year DP04 · Census ACS 5-Year 2023 · Refreshed 2026-04-12