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  4. /Otsego, MI - 49078

Otsego, MI—49078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$276,000
4.9% YoY Growth
Household Income
$77,500
46.8% YoY Growth
Days on Market
48
36.0% Shorter YoY
Home Price Forecast
2.0%
Median Rent
$1,000
86.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,000
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Otsego, MI

As of May '26, the median home price in Otsego, MI is $276,000, with a year-over-year change of 4.9%. This indicates that home prices in Otsego, 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
$276,0004.9%
Single Family $275,0004.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$205,0003.5%
    3 Bed
    		$274,0004.6%
    4 Bed
    		$328,0004.5%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    5.3%
    2 Bedrooms
    18.3%
    3 Bedrooms
    56.3%
    4 Bedrooms
    15.7%
    5+ Bedrooms
    4.4%

    Rental Trends — Otsego, MI

    As of July '25, Rentcast reports the average rent in Otsego, MI is $1,000, with a year-over-year rent change of 86.6%. Per bedroom, the median rent as of July '25 in Otsego, MI is 3-bedrooms: $1,000. The most common rental property sizes in Otsego, MI are 2-bedroom and 1-bedroom, accounting for 46.9% and 24.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,000$1,000
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,000$1,000
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    24.1%
    2 Bedrooms
    46.9%
    3 Bedrooms
    23.3%
    4 Bedrooms
    5.7%

    Property Listings — Otsego, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Otsego, MI is 48. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$319,0000.0%
    Listing Count
    		216.0%
    Listings as % of Homes0.4%6.0%
    Days on Market
    		48-36.0%
    Loading chart...

    Demographics — Otsego, MI

    As of the latest ACS Survey released in 2023, Otsego, MI has a population of 10,500, which has increased by 13.3% over the past 5 years. Otsego, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,50013.3%
    % Under 18
    		20.3%-8.1%
    % Seniors
    		15.8%-4.8%
    % WFH
    		5.6%16.7%
    % w/ College Degree
    		18.6%0.5%
    Loading chart...

    As of the latest ACS Survey released in 2023, Otsego, MI is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Otsego, MI is hispanic, making up 4.5% of the population. Foreign-born residents account for 4.4% of the population in Otsego, MI, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.6%-8.8%
    % Black
    		0.3%0.0%
    % Hispanic
    		4.5%200.0%
    % Asian
    		0.2%-60.0%
    % Foreign Born
    		4.4%300.0%
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    Mortgage and Risk — Otsego, MI

    According to HUD data as of 2023, there were 242 mortgage originations in Otsego, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Otsego, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		242
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
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    Rentals and Section 8 — Otsego, MI

    Otsego, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		74
    Total Units Section 8
    		74
    % Rentals under Section 8
    		10.2%
    % Occupied Section 8
    		94.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$980
    2 BedroomN/AN/A$1,270
    3 Bedroom$630$1,000$1,630
    4 BedroomN/AN/A$1,720

    Affordability — Otsego, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$276,000
    Median Household Income$77,500

    Otsego, MI — ZIP Code Boundary Map

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    Frequently Asked Questions