Owosso, MI—48867
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Owosso, MI
As of Oct '25, the median home price in Owosso, MI is $179,000, with a year-over-year change of 4.1%. This indicates that home prices in Owosso, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 4.1% |
| Single Family | $180,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | 4.5% |
3 Bed | $194,000 | 4.3% |
4 Bed | $231,000 | 3.1% |
| 5 Bed | $290,000 | 2.5% |
% of Housing Stock
Rental Trends — Owosso, MI
As of July '25, Rentcast reports the average rent in Owosso, MI is $954, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Owosso, MI is 1-bedrooms: $780, 3-bedrooms: $1,480. The most common rental property sizes in Owosso, MI are 2-bedroom and 3-bedroom, accounting for 37.3% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $954 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $799 | $780 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $950 | $1,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Owosso, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Owosso, MI is 38. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | 3.0% |
Listing Count | 90 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 38 | 4.0% |
Demographics — Owosso, MI
As of the latest ACS Survey released in 2023, Owosso, MI has a population of 27,400, which has remained stable by 0.7% over the past 5 years. Owosso, MI is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 0.7% |
% Under 18 | 20.6% | -6.8% |
% Seniors | 17.9% | 2.3% |
% WFH | 6.7% | 63.4% |
% w/ College Degree | 20.2% | 13.5% |
As of the latest ACS Survey released in 2023, Owosso, MI is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Owosso, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.0% of the population in Owosso, MI, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.2% | -1.5% |
% Black | 0.8% | 33.3% |
% Hispanic | 4.1% | 17.1% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.0% | -9.1% |
Mortgage and Risk — Owosso, MI
According to HUD data as of 2023, there were 375 mortgage originations in Owosso, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Owosso, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Owosso, MI
Owosso, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 348 |
Total Units Section 8 | 348 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$89 | $799 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $300 | $950 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Owosso, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $179,000 |
| Median Household Income | $58,700 |