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Owosso, MI Housing

 
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As of 2010-2014, median price of a house in Owosso is $76,700, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The Owosso median house value has shrunk by 6.12% since 2000. The growth rate for the price of a house in Owosso is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Owosso was built is 1952, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 3,717 Owner Occupied Houses in Owosso, MI, #467
Owosso, MI
76,700 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #457
Owosso, MI
-6.12%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Owosso, MIMichiganU.S.
Total Housing Units6,739, see rank, 100%4,532,719132,741,033
Occupied Housing Units6,157, 91.36%, see rank84.45%87.55%
Owner Occupied3,717, 55.16%, see rank60.41%56.34%
Renter Occupied2,440, 36.21%, see rank24.04%31.21%
Vacant Housing Units582, 8.64%, see rank15.55%12.45%
For Rent141, 2.09%, see rank1.84%2.34%
For Sale Only78, 1.16%, see rank1.40%1.20%
Rented or Sold, Not Occupied51, 0.76%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use6, 0.09%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant306, 4.54%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #538
Owosso, MIMichiganU.S.
195219691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Owosso, MI%MichiganU.S.
Owner-Occupied Units3,717100%2,738,01274,787,460
With a Mortgage2,30161.90%, see rank63.63%65.58%
Without a Mortgage1,41638.10%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Owosso, MI
895 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsOwosso, MI%MichiganU.S.
$299 or Less110.48%, see rank0.19%0.20%
$300 to $499723.13%, see rank1.88%1.59%
$500 to $69932414.08%, see rank6.65%5.01%
$700 to $99991939.94%, see rank19.56%14.32%
$1,000 to $1,49980835.12%, see rank34.69%27.90%
$1,500 to $1,9991295.61%, see rank20.06%20.35%
$2,000 to $2,999271.17%, see rank12.84%19.52%
$3,000 or More110.48%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Owosso, MI
23.70% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Owosso, MI%MichiganU.S.
10% or Less1486.43%, see rank5.90%5.86%
10% to 20%63527.60%, see rank35.28%31.95%
20% to 30%77533.68%, see rank27.51%27.64%
30% to 40%41217.91%, see rank12.63%13.74%
40% or More33114.39%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Owosso, MI
409 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsOwosso, MI%MichiganU.S.
$199 or Less543.81%, see rank4.74%7.76%
$200 to $29926018.36%, see rank12.46%14.70%
$300 to $49967547.67%, see rank40.41%34.63%
$500 to $69934724.51%, see rank25.95%21.16%
$700 or More805.65%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Owosso, MI
12.50% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Owosso, MI%MichiganU.S.
10% or Less54038.14%, see rank35.33%40.19%
10% to 20%51836.58%, see rank33.76%31.47%
20% to 30%1268.90%, see rank13.39%12.24%
30% to 40%805.65%, see rank6.18%5.64%
40% or More1158.12%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Owosso, MIMichiganU.S.
Total Housing Units6,739, 100%4,532,719132,741,033
1-unit, Detached4,676, 69.39%, see rank71.97%61.65%
1-unit, Attached234, 3.47%, see rank4.66%5.82%
2 Units502, 7.45%, see rank2.58%3.75%
3 or 4 Units365, 5.42%, see rank2.56%4.43%
5 to 9 Units291, 4.32%, see rank4.20%4.78%
10 or More Units508, 7.54%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.163, 2.42%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Owosso, MIMichiganU.S.
Total Housing Units6,739, 100%4,532,719132,741,033
1 Room86, 1.28%, see rank1.24%1.95%
2 Rooms97, 1.44%, see rank1.78%2.48%
3 Rooms496, 7.36%, see rank7.14%9.13%
4 Rooms1,061, 15.74%, see rank14.38%16.60%
5 Rooms1,444, 21.43%, see rank21.00%20.41%
6 Rooms1,371, 20.34%, see rank20.07%18.06%
7 Rooms983, 14.59%, see rank13.45%12.27%
8 Rooms702, 10.42%, see rank9.27%8.48%
9 Rooms or More499, 7.40%, see rank11.67%10.60%
Median Rooms5.60, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Owosso, MIMichiganU.S.
Total Housing Units6,739, 100%4,532,719132,741,033
No Bedroom114, 1.69%, see rank1.35%2.17%
1 Bedroom736, 10.92%, see rank9.11%11.16%
2 Bedrooms2,034, 30.18%, see rank26.33%26.69%
3 Bedrooms2,785, 41.33%, see rank43.93%39.70%
4 Bedrooms893, 13.25%, see rank15.80%16.05%
5 or More Bedrooms177, 2.63%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Owosso, MIMichiganU.S.
Total Housing Units6,157, 100%3,827,880116,211,092
Utility Gas5,254, 85.33%, see rank77.13%48.85%
Bottled, Tank, or LP Gas92, 1.49%, see rank8.48%4.86%
Electricity747, 12.13%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.6, 0.10%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood26, 0.42%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel0, 0.00%, see rank0.86%0.47%
No Fuel Used32, 0.52%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalOwosso, MIMichiganU.S.
Occupied Units Paying Rent2,286, 100%1,028,83539,201,928
$199 or Less106, 4.64%, see rank1.86%1.50%
$200 to $299117, 5.12%, see rank3.88%3.18%
$300 to $499382, 16.71%, see rank9.32%7.37%
$500 to $699806, 35.26%, see rank23.63%16.01%
$700 to $999747, 32.68%, see rank35.23%29.17%
$1,000 to $1,499128, 5.60%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$640, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Owosso, MIMichiganU.S.
Occupied Housing Units6,157, 100%3,827,880116,211,092
No Vehicles Available788, 12.80%, see rank7.97%9.12%
1 Vehicles Available2,550, 41.42%, see rank35.06%33.80%
2 Vehicles Available2,124, 34.50%, see rank38.45%37.48%
3 or More Vehicles Available695, 11.29%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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