Osceola County, Michigan Housing Market Prices
Osceola County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 45% below the Michigan median Cheaper than 89% of counties in Michigan$76,471
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Median rent 28% below the Michigan median Cheaper than 70% of counties in Michigan$807
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Osceola County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,471 | $138,713 | $248,835 |
| Price Trend (Annual %) | 14.9% | 8.6% | 7.5% |
| Median Gross Rent | $807 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Osceola County is about 45% lower than in Michigan. Rent is about 28% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Osceola County, up about 14.9% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Osceola County rose about 39.9% between 2015 and 2024, from $577 to $807. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Osceola County.
Buying the median-priced home in Osceola County costs roughly 7.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Osceola County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Osceola County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,471 | $138,713 | $248,835 |
| Median Household Income | $58,332 | $72,977 | $80,455 |
| Price-to-Income Ratio | 1.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Osceola County rose about 113.6%, while median household income rose about 48.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Osceola County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 64.6% | 58.5% |
| Rental Rate | 12.1% | 23.6% | 31.2% |
| Vacancy Rate | 26.0% | 11.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Osceola County has a homeownership rate of 62.0%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 26.0%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Osceola County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1979 | 1972 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Osceola County was built around 1979. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Osceola County, MI Housing Compared With Nearby Counties
How Osceola County, MI compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Osceola County, MI | 23,226 | $76,471 #3/3 | $807 #2/3 | 83.7% #2/3 |
| Mecosta County, MI | 41,242 | $118,181 | $934 | 76.9% |
| Clare County, MI | 31,218 | $112,500 | $764 | 86.9% |
Frequently Asked Questions
Common questions about the housing market in Osceola County, Michigan.
What is the median home price in Osceola County, Michigan?
The median home price in Osceola County, Michigan is $76,471, lower than the Michigan average of $138,713.
What is the average home price in Osceola County, Michigan?
The typical home price in Osceola County, Michigan, reported as the median sale price, is $76,471. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Osceola County, Michigan?
The median gross rent in Osceola County, Michigan is $807 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Osceola County in 2020?
In 2020, the median gross rent in Osceola County, Michigan was $670 per month.
What is the price-to-rent ratio in Osceola County, Michigan?
The price-to-rent ratio in Osceola County, Michigan is about 7.9, meaning it would take roughly 7.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Osceola County.
Are home prices or rent rising faster in Osceola County, Michigan?
Both home prices and rent are rising in Osceola County, up about 14.9% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Osceola County, Michigan?
62.0% of households in Osceola County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Osceola County, Michigan?
The housing vacancy rate in Osceola County, Michigan is 26.0%, higher than the Michigan average of 11.8%.
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