Ottawa Lake, MI—49267
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ottawa Lake, MI
As of Oct '25, the median home price in Ottawa Lake, MI is $316,000, with a year-over-year change of 5.7%. This indicates that home prices in Ottawa Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 5.7% |
| Single Family | $315,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 6.8% |
3 Bed | $301,000 | 5.2% |
4 Bed | $414,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ottawa Lake, MI
As of July '25, Rentcast reports the average rent in Ottawa Lake, MI is $689, with a year-over-year rent change of -65.2%. Per bedroom, the median rent as of July '25 in Ottawa Lake, MI is 1-bedrooms: $689. The most common rental property sizes in Ottawa Lake, MI are 3-bedroom and 2-bedroom, accounting for 32.3% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $689 | $689 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $689 | $689 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ottawa Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ottawa Lake, MI is 13. This is a increase of 276.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $276,000 | -5.0% |
Listing Count | 7 | -27.0% |
| Listings as % of Homes | 0.3% | -27.0% |
Days on Market | 13 | 276.0% |
Demographics — Ottawa Lake, MI
As of the latest ACS Survey released in 2023, Ottawa Lake, MI has a population of 3,950, which has increased by 2.1% over the past 5 years. Ottawa Lake, MI is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,950 | 2.1% |
% Under 18 | 15.6% | -17.0% |
% Seniors | 21.8% | -0.5% |
% WFH | 8.5% | 226.9% |
% w/ College Degree | 28.5% | 50.0% |
As of the latest ACS Survey released in 2023, Ottawa Lake, MI is a predominantly white area, with 97.3% of the population identifying as white. The white population has grown by 6.2% in the last 5 years. The second most common race or ethnicity in Ottawa Lake, MI is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.0% of the population in Ottawa Lake, MI, and this percentage has decreased by 47.4% 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 | 97.3% | 6.2% |
% Black | 0.9% | -60.9% |
% Hispanic | 1.1% | -66.7% |
% Asian | 0.2% | -92.3% |
% Foreign Born | 1.0% | -47.4% |
Mortgage and Risk — Ottawa Lake, MI
According to HUD data as of 2023, there were 101 mortgage originations in Ottawa Lake, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Ottawa Lake, MI. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Ottawa Lake, MI
Ottawa Lake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $471 | $689 | $1,160 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | N/A | N/A | $1,900 |
| 4 Bedroom | N/A | N/A | $2,420 |
Affordability — Ottawa Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $316,000 |
| Median Household Income | $96,400 |