What is the average cost of housing in Otavalo?

"The average cost of housing in Otavalo can vary greatly depending on the type and location of the property. For a modest apartment in the city center, one might expect to pay around a few hundred dollars per month. However, larger homes or properties in more desirable locations can cost significantly more, potentially reaching into the thousands per month. It's also possible to find cheaper accommodations on the outskirts of the city or in less popular areas. The cost of buying property is also variable, with prices per square meter typically ranging from low to mid hundreds. Again, prices can be much higher for larger or more desirable properties," mentioned another expat when asked about moving to Otavalo, Ecuador.