Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otsego Lake area can be challenging. Home prices in Otsego Lake are now at a median cost of $151,556, lower than the Michigan average of $196,062.
The average cost of rent is $881/mo in Otsego Lake, primarily driven by the current value of real estate in the Otsego Lake area. While nearly 31.13% of residents own their homes outright in Otsego Lake, 6.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otsego Lake is $6,092 per month. Households that rent pay about 14.46% of their income on rent here. Otsego Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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- Frederic, MI: less expensive homes
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- Sparr, MI: higher priced homes
- Leetsville, MI: equally priced homes
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Cities with Similar Populations
- Lakewood Park, ND: higher priced homes
- Sampson, TN: less expensive homes
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- Rosslyn Farms, PA: higher priced homes
- Mansfield, WA: equally priced homes
- Louise, GA: equally priced homes
- Long Bridge, LA: less expensive homes
- Little Hope, PA: higher priced homes
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