Zip 49078 (Otsego, MI) Housing

The housing market in 49078 Otsego, MI is strong and growing quickly. The median value of homes in Otsego is $206,200, which is significantly lower than the US median of $338,100. However, despite the lower price point, the 1 year appreciation rate for homes in the area was 10.54%, higher than the national average of 8.27%. This indicates that there is a high demand for housing in Otsego and that prices are likely to continue to grow into the future.

The median home cost in Otsego (zip 49078) is $206,200. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Otsego (zip 49078) is up 14.9%.

Average Age of Homes

- The median age of Otsego (zip 49078) real estate is 49 years old

The Rental Market in Otsego (zip 49078)

- Renters make up 17.7% of the Otsego (zip 49078) population
- 1.7% of houses and apartments in Otsego (zip 49078), 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
	4,107.0	139,647,020.0
	51	42
	$206,200	$338,100
	14.9%	16.6%
	56.2%	57.0%
	90.4%	101.1%
	$14.90	$10.98
	$2,274	$2,690
	76.3%	57.4%
	6.9%	11.2%
	16.8%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.9%	0.4%
	0.1%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	7.2%	2.6%
	1.8%	2.4%
	1.8%	2.8%
	7.1%	3.9%
	9.8%	4.5%
	20.8%	11.3%
	24.1%	13.0%
	17.2%	20.1%
	4.5%	13.6%
	3.0%	8.3%
	2.2%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	16.8%	13.6%
	10.0%	13.2%
	12.3%	14.8%
	16.8%	13.6%
	7.8%	10.0%
	8.2%	4.7%
	25.8%	12.2%

Reviews for Otsego

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k · Otsego, MI

Otsego Life

Over 10 years ago

We have cold winters but great summers and we have been here about 7 years and I have great neighbors. Decent churches. Water is rusty but that is Michigan for you. More