Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otsego area can be challenging. Home prices in Otsego are now at a median cost of $151,076, lower than the Michigan average of $196,062.
The average cost of rent is $1,001/mo in Otsego, primarily driven by the current value of real estate in the Otsego area. While nearly 35.84% of residents own their homes outright in Otsego, 18.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otsego is $5,450 per month. Households that rent pay about 18.36% of their income on rent here. Otsego's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Plainwell, MI: higher priced homes
- Watson, MI: equally priced homes
- Mentha, MI: higher priced homes
- Orangeville, MI: higher priced homes
- Martin, MI: equally priced homes
- Merson, MI: equally priced homes
- Kendall, MI: equally priced homes
- Hooper, MI: higher priced homes
- Allegan, MI: equally priced homes
- Cheshire Center, MI: equally priced homes
Cities with Similar Populations
- Madeira, OH: higher priced homes
- Little Ferry, NJ: higher priced homes
- Littleton, MA: higher priced homes
- Abbeville, SC: less expensive homes
- Lizella, GA: higher priced homes
- Long Grove, IL: higher priced homes
- Lonoke, AR: less expensive homes
- Ludowici, GA: equally priced homes
- Luray, VA: higher priced homes
- Lusby, MD: higher priced homes
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