Otsego County, Michigan Housing Market Prices
Otsego 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.
-
Median home price 458% above the Michigan median Most expensive county in Michigan$773,809
-
Median rent 11% below the Michigan median More expensive than 76% of counties in Michigan$1,008
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Otsego County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $773,809 | $138,713 | $248,835 |
| Price Trend (Annual %) | 57.7% | 8.6% | 7.5% |
| Median Gross Rent | $1,008 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Otsego County is about 458% higher than in Michigan. Rent is about 11% 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 Otsego County, up about 57.7% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Otsego County rose about 43.7% between 2015 and 2024, from $701 to $1,008. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 11.3 yearly household incomes in Otsego County.
Buying the median-priced home in Otsego County costs roughly 64.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Otsego County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Otsego County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $773,809 | $138,713 | $248,835 |
| Median Household Income | $68,296 | $72,977 | $80,455 |
| Price-to-Income Ratio | 11.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Otsego County rose about 412.9%, while median household income rose about 43.1% 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 | Otsego County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 64.6% | 58.5% |
| Rental Rate | 17.2% | 23.6% | 31.2% |
| Vacancy Rate | 24.5% | 11.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Otsego County has a homeownership rate of 58.3%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 24.5%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Otsego County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1983 | 1972 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Otsego County was built around 1983. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Otsego County, MI Housing Compared With Nearby Counties
How Otsego County, MI compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Otsego County, MI | 25,584 | $773,809 #1/2 | $1,008 #1/2 | 77.2% #2/2 |
| Antrim County, MI | 24,127 | $369,999 | $902 | 86.4% |
Frequently Asked Questions
Common questions about the housing market in Otsego County, Michigan.
What is the median home price in Otsego County, Michigan?
The median home price in Otsego County, Michigan is $773,809, higher than the Michigan average of $138,713.
What is the average home price in Otsego County, Michigan?
The typical home price in Otsego County, Michigan, reported as the median sale price, is $773,809. 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 Otsego County, Michigan?
The median gross rent in Otsego County, Michigan is $1,008 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Otsego County in 2020?
In 2020, the median gross rent in Otsego County, Michigan was $767 per month.
What is the price-to-rent ratio in Otsego County, Michigan?
The price-to-rent ratio in Otsego County, Michigan is about 64.0, meaning it would take roughly 64.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Otsego County.
Are home prices or rent rising faster in Otsego County, Michigan?
Both home prices and rent are rising in Otsego County, up about 57.7% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Otsego County, Michigan?
58.3% of households in Otsego County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Otsego County, Michigan?
The housing vacancy rate in Otsego County, Michigan is 24.5%, higher than the Michigan average of 11.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →