Otsego Lake, MI is a great place to invest in real estate. The median value of housing in Otsego Lake is $220,500, which is significantly lower than the US median value of $338,100. Over the last year, house appreciation in Otsego Lake has been exceptionally strong at 16.52%, significantly higher than the national rate of 8.27%. Investing in housing in Otsego Lake now could be a great way to get a return on your investment in the near future.
The median home cost in Otsego Lake is $220,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Otsego Lake is up 21.4%.
Average Age of Homes
- The median age of Otsego Lake real estate is 36 years old
The Rental Market in Otsego Lake
- Renters make up 7.2% of the Otsego Lake population
- 1.3% of houses and apartments in Otsego Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.