Zip 48867 (Owosso, MI) Housing

The housing in 48867 Owosso, MI has a median value of $139,500 which is significantly lower than the US house median value of $338,100. However, the 1 year appreciation rate for houses in Owosso is 8.98%, higher than the US rate at 8.27%. This indicates healthy growth in the real estate market. Overall, Owosso's housing market offers potential buyers the opportunity to purchase a home at a reasonable price with upside potential for future appreciation.

The median home cost in Owosso (zip 48867) is $139,500. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Owosso (zip 48867) is up 12.2%.

Average Age of Homes

- The median age of Owosso (zip 48867) real estate is 56 years old

The Rental Market in Owosso (zip 48867)

- Renters make up 26.1% of the Owosso (zip 48867) population
- 2.1% of houses and apartments in Owosso (zip 48867), 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	Owosso, Michigan	United States
	12,526.0	139,647,020.0
	60	42
	$139,500	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$14.64	$10.98
	$1,777	$2,690
	64.3%	57.4%
	8.8%	11.2%
	26.9%	31.4%
Vacant Housing
	2.1%	1.9%
	0.7%	0.4%
	1.4%	0.7%
	0.7%	0.4%
	0.6%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	3.2%	2.4%
	7.3%	2.8%
	12.1%	3.9%
	13.9%	4.5%
	26.1%	11.3%
	14.6%	13.0%
	13.8%	20.1%
	3.4%	13.6%
	1.8%	8.3%
	0.5%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.5%	13.6%
	8.5%	13.6%
	7.9%	13.6%
	6.6%	13.2%
	14.4%	14.8%
	7.9%	13.6%
	14.7%	10.0%
	10.6%	4.7%
	23.1%	12.2%

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