Housing in Otter Lake, Michigan
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Housing - Updated September, 2011
| Median Home Age | 44.8 | 35.1 |
| Median Home Cost | $104,300 | $175,100 |
| Home Appreciation | -3.91% | -3.15% |
| Homes Owned | 74.31% | 59.90% |
| Housing Vacant | 11.81% | 10.37% |
| Homes Rented | 13.89% | 29.73% |
| Property Tax Rate | $8.50 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 0.93% | 2.65% |
| $20,000 to $39,999 | 4.67% | 3.76% |
| $40,000 to $59,999 | 5.61% | 4.99% |
| $60,000 to $79,999 | 14.02% | 6.01% |
| $80,000 to $99,999 | 23.36% | 7.27% |
| $100,000 to $149,999 | 32.71% | 19.24% |
| $150,000 to $199,999 | 14.02% | 14.67% |
| $200,000 to $299,999 | 3.74% | 18.09% |
| $300,000 to $399,999 | 0.93% | 9.14% |
| $400,000 to $499,999 | 0.00% | 4.94% |
| $500,000 to $749,999 | 0.00% | 5.42% |
| $750,000 to $999,999 | 0.00% | 2.03% |
| $1,000,000 or more | 0.00% | 1.77% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 10.42% | 13.71% |
| 1995 to 1998 | 6.24% | 8.54% |
| 1990 to 1994 | 3.48% | 5.77% |
| 1980 to 1989 | 5.56% | 13.87% |
| 1970 to 1979 | 16.67% | 16.17% |
| 1960 to 1969 | 16.67% | 11.70% |
| 1950 to 1959 | 11.11% | 11.08% |
| 1940 to 1949 | 6.25% | 6.02% |
| 1939 or Earlier | 23.61% | 13.15% |
The median home value in Otter Lake, MI, is $104,300. Home appreciation is -3.91% over the last year. The median age of Otter Lake, MI, real estate is 45 years.
Otter Lake, MI Apartments and Rentals
Renters make up 13.89% of the Otter Lake, MI, population. 11.81% of houses and apartments in Otter Lake, MI, are unoccupied (vacancy rate).
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