Otisville, MI—48463
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otisville, MI
As of Nov '25, the median home price in Otisville, MI is $231,000, with a year-over-year change of 8.0%. This indicates that home prices in Otisville, 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 | $231,000 | 8.0% |
| Single Family | $231,000 | 8.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 6.0% |
3 Bed | $238,000 | 7.7% |
4 Bed | $298,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Otisville, MI
Otisville, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Otisville, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Otisville, MI is 44. This is a increase of 22.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $186,000 | 5.0% |
Listing Count | 15 | 59.0% |
| Listings as % of Homes | 0.5% | 59.0% |
Days on Market | 44 | 22.0% |
Demographics — Otisville, MI
As of the latest ACS Survey released in 2023, Otisville, MI has a population of 4,540, which has increased by 1.2% over the past 5 years. Otisville, MI is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,540 | 1.2% |
% Under 18 | 21.0% | 3.4% |
% Seniors | 25.4% | 23.9% |
% WFH | 6.9% | 56.8% |
% w/ College Degree | 18.1% | 32.1% |
As of the latest ACS Survey released in 2023, Otisville, MI is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Otisville, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 0.5% of the population in Otisville, MI, and this percentage has decreased by 73.7% 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 | 91.5% | -3.8% |
% Black | 1.2% | 1,100.0% |
% Hispanic | 4.1% | 215.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -73.7% |
Mortgage and Risk — Otisville, MI
According to HUD data as of 2023, there were 94 mortgage originations in Otisville, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Otisville, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Otisville, MI
Otisville, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Otisville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $231,000 |
| Median Household Income | $69,900 |