Median price for residential apartments in Owosso, MI as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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165 Owosso, MI 48867, USA apartments for sale
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Owosso
According to statistics, the population in Owosso, MI amounts to 14,641, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $38,492, shifting growth 5% from the past year, and the average property value in Owosso, MI growth 3% to $78,000 throughout the year.
| Population | 14,641 |
| Median Age | 34.3 |
| Poverty Rate | 22% |
| Household Income | $38,492 |
| Number Of Employees | 6,608 |
| Median Property Value | $78,000 |
Household Income
The average household income in Owosso, MI grew from $36,725 to $38,492 in the past year. This data is an estimate based upon 6,052 households in Owosso, MI . The chart below presents how household income is distributed in Owosso, MI in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Owosso, MI shifted from $76,100 to $78,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Owosso, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Owosso, MI properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Owosso, MI compared to median property taxes around the country. The prevalent amount of property taxes in Owosso, MI equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Owosso, MI 48867, USA
Average apartment sale in Owosso: $134,896 (+0%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $48,900 | +0% |
| 2-bed apartments | $98,795 | +2.4% |
| 3-bed apartments | $144,347 | +2.3% |
| 4+ bed apartments | $146,760 | -7.2% |
During Jan 2023, the average price for an apartment in/near Owosso, MI increased by 0% to $134,896.
The average price of the land for sale in Owosso, MI has not changed significantly since last month, being $48,900. Asking price for 2-bed apartment also increased by 2.4% and a place of this size will now cost you $98,795. A 3-bed apartment goes for $144,347, it increased by 2.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.2% and made it down to $146,760.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $127,116 | -0.7% |
| Duplexes for sale | $154,950 | +0% |
| Condos for sale | $369,000 | +0% |
| Land for sale | $48,900 | +0% |
Price reports demonstrate that house price decreased by 0.7% this month making it up to $127,116. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $369,000. An average value of duplex is $154,950, thus a median price for a duplex remains the same this month. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $48,900.
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