Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
80 Owosso, MI 48867, USA apartments for sale
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.
- USA
- Owosso, MI
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.
- USA
- Owosso, MI
Rent vs. Own
- Rent58%
- Own42%
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.
- USA
- Owosso, MI
Housing Trends
Owosso, MI 48867, USA Housing Trends
Average sale in Owosso: $259,720 (+166.9%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed apartments | $70,100 | N/A |
| 3 bed apartments | $149,900 | +46% |
| 4+ bed apartments | $287,175 | +172.1% |
During Sep 2021, the average price for an apartment in/near Owosso, MI increased by 166.9% to $259,720.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $70,100. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $149,900. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $287,175 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $154,450 | +51.3% |
| Apartments for sale | $329,900 | +280% |
While assessing the property pricing Owosso, MI, you can note that it remains flat with a price tag of $329,900. According to statistics, average house is still $154,450 with no significant changes this month.
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