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Affordable
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These days, finding an affordable place to live in the Ottawa Lake area can be challenging. Home prices in Ottawa Lake are now at a median cost of $275,909, higher than the Michigan average of $250,415.
The average cost of rent is $909/mo in Ottawa Lake, primarily driven by the current value of real estate in the Ottawa Lake area. In Ottawa Lake, 15.65% of households rent, and 32.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ottawa Lake is $8,253 per month. Households that rent pay about 11.02% of their income on rent here. Ottawa Lake’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whiteford Center, MI: less expensive homes
- Lambertville, MI: equally priced homes
- Sylvania, OH: higher priced homes
- Riga, MI: less expensive homes
- Temperance, MI: less expensive homes
- Ottawa Hills, OH: higher priced homes
- Samaria, MI: equally priced homes
- Berkey, OH: less expensive homes
- Petersburg, MI: equally priced homes
- Richfield Center, OH: equally priced homes
Cities with Similar Populations
- Ben Wheeler, TX: higher priced homes
- Captain Cook, HI: higher priced homes
- Carroll Valley, PA: higher priced homes
- Cassatt, SC: less expensive homes
- Clinton, PA: equally priced homes
- West DeLand, FL: equally priced homes
- Roseau, MN: less expensive homes
- Rosemont, IL: higher priced homes
- Roseville, OH: less expensive homes
- Roundup, MT: less expensive homes
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