Otsego County, MI Housing

The housing market in Otsego County, MI is showing strong growth. The median value is currently $187,000 which is significantly lower than the US median of $338,100. While the US home appreciation rate was 8.27% in the past year, homes in Otsego County have appreciated by an impressive 13.62%. This indicates strong demand for housing and a healthy local economy. Overall, Otsego County is an attractive place to consider investing in real estate due to its low prices and high potential for appreciation.

The median home cost in Otsego County is $187,000. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Otsego County is up 21.4%.

Average Age of Homes

- The median age of Otsego County real estate is 37 years old

The Rental Market in Otsego County

- Renters make up 14.1% of the Otsego County population
- 0.6% of houses and apartments in Otsego County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Otsego, Michigan	United States
	14,841.0	139,647,020.0
	41	42
	$187,000	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$10.44	$10.98
	$1,623	$2,690
	52.9%	57.4%
	29.6%	11.2%
	17.5%	31.4%
Vacant Housing
	0.6%	1.9%
	0.1%	0.4%
	0.7%	0.7%
	0.1%	0.4%
	27.1%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	3.0%	2.4%
	2.9%	2.8%
	5.7%	3.9%
	9.3%	4.5%
	24.0%	11.3%
	22.4%	13.0%
	20.1%	20.1%
	6.2%	13.6%
	2.4%	8.3%
	1.3%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.5%	13.6%
	11.5%	13.6%
	19.0%	13.6%
	14.4%	13.2%
	24.4%	14.8%
	19.0%	13.6%
	7.6%	10.0%
	3.6%	4.7%
	4.2%	12.2%

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