View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Michigan
  4. /Owosso, MI - 48867

Owosso, MI—48867

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$191,000
5.1% YoY Growth
Household Income
$58,700
25.5% YoY Growth
Days on Market
50
35.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$825
14.8% YoY Growth
1-Bed Rent
$799
13.7% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$950
40.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Owosso, MI

As of May '26, the median home price in Owosso, MI is $191,000, with a year-over-year change of 5.1%. 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 TypeMedian Home ValueYoY % Change
All Homes
$191,0005.1%
Single Family $192,0004.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$143,0002.1%
    3 Bed
    		$204,0004.1%
    4 Bed
    		$243,0003.4%
    5 Bed $298,2892.3%
    Loading chart...

    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    8.4%
    2 Bedrooms
    22.9%
    3 Bedrooms
    49.8%
    4 Bedrooms
    13.8%
    5+ Bedrooms
    2.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$825$954
    Studio Rent N/AN/A
    1 Bed Rent $799$780
    2 Bed Rent N/AN/A
    3 Bed Rent $950$1,480
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Owosso, MI is 50. This is a increase of 35.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$235,0004.0%
    Listing Count
    		8433.0%
    Listings as % of Homes0.4%33.0%
    Days on Market
    		5035.0%
    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.

    MetricLatest CensusYoY % Change
    Population
    		27,4000.7%
    % 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

    MetricLatest Census5-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

    MetricZip 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...
    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$89$799$710
    2 BedroomN/AN/A$930
    3 Bedroom$300$950$1,250
    4 BedroomN/AN/A$1,360

    Affordability — Owosso, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$191,000
    Median Household Income$58,700

    Owosso, MI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Henderson, MI

    48841

    Corunna, MI

    48817

    Oakley, MI

    48649

    Morrice, MI

    48857

    Vernon

    48476

    Frequently Asked Questions