Owosso, MI 48867 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Owosso, MI—48867

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$178,000

4.6% YoY Growth

Household Income

$58,700

25.5% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$825

14.8% YoY Growth

1-Bed Rent

$799

13.7% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$950

40.8% YoY Growth

Home Price Trends — Owosso, MI

As of Dec '25, the median home price in Owosso, MI is $178,000, with a year-over-year change of 4.6%. This indicates that home prices in Owosso, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$178,000	4.6%
Single Family	$179,000	4.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

9.5%

1 Bedroom

22.3%

2 Bedrooms

37.3%

3 Bedrooms

23.6%

4 Bedrooms

6.5%

5+ Bedrooms

0.8%

Property Listings — Owosso, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Owosso, MI is 35. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$190,000	2.0%
Listing Count	98	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	43	-16.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Owosso, MI—48867

Key Metrics at a Glance

Home Price Trends — Owosso, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Owosso, MI

% of Rental Stock

Property Listings — Owosso, MI

Demographics — Owosso, MI

Race and Ethnicity

Mortgage and Risk — Owosso, MI

Mortgages

Rentals and Section 8 — Owosso, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Owosso, MI

Home Price to Income Ratio

Owosso, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Henderson, MI

Corunna, MI

Oakley, MI

Morrice, MI

Vernon

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$178,000
Median Household Income	$58,700

Owosso, MI—48867

Key Metrics at a Glance

Home Price Trends — Owosso, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Owosso, MI

% of Rental Stock

Property Listings — Owosso, MI

Demographics — Owosso, MI

Race and Ethnicity

Mortgage and Risk — Owosso, MI

Mortgages

Rentals and Section 8 — Owosso, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Owosso, MI

Home Price to Income Ratio

Owosso, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Henderson, MI

Corunna, MI

Oakley, MI

Morrice, MI

Vernon

Frequently Asked Questions

What is the average home price in Owosso, MI 48867?

How have home prices in Owosso, MI 48867 changed over the past year?

What is the home price projection for Owosso, MI 48867?

What are the demographics of Owosso, MI 48867?

How long does it take homes to sell in Owosso, MI 48867?

What is the average rent price in Owosso, MI 48867?