Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Petosky-Otsego area can be challenging. Home prices in Petosky-Otsego are now at a median cost of $35,875, lower than the Detroit average of $215,900.
The average cost of rent is $828/mo in Petosky-Otsego, primarily driven by the current value of real estate in the Petosky-Otsego area. While nearly 84.80% of residents own their homes outright in Petosky-Otsego, 50.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Petosky-Otsego is $2,516 per month. Households that rent pay about 32.91% of their income on rent here. Petosky-Otsego's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Tireman, Detroit, MI: higher priced homes
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- New Center, Detroit, MI: higher priced homes
- Barton-McFarland, Detroit, MI: higher priced homes
- Core City, Detroit, MI: higher priced homes
- MacKenzie, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
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- Forest Grove, Worcester, MA: higher priced homes
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- Black Mountain Ranch, San Diego, CA: higher priced homes
All Local Stats
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