Ottawa Lake, MI—49267

As of Aug '25, the median home price in Ottawa Lake, MI is $320,000, with a year-over-year change of 4.8%. This indicates that home prices in Ottawa Lake, MI are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Ottawa Lake, MI is 72. This is an increase of 14.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Ottawa Lake, MI in that year was 101. 86.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 59.0%. Of those, 19.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Ottawa Lake, MI. Investor activity in Ottawa Lake, MI is low, as 0.0% of all loans are originated by investors. In 2023, 20.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.