Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$257,304+4.0% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$55,778About 0.8× the local median income ($69,981): affordable for a typical household
Days on market55 daysAbout the same pace as a year ago
The typical home in Otsego County, MI is worth $257,304, up 4.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $221,732, so the area is 16.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 55 days to sell, listings are up 40% from a year ago, 20% of listings have had a price cut. A household needs about $55,778 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,981. In the latest IRS figures, 366 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$257,304
Change in 1 year
+4.0%
Overvalued %
+16.0%
Show 6 more
Fair home value
$221,732
Change in 5 years
+25.6%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,394
Income needed to afford it
$55,778
Property tax rate
0.80%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,192
Market activity
Listings vs a year ago
+40.2%
Days on market
55
Listings with a price cut
19.5%
Show 3 more
Homes for sale
164
Pending sales per 100 listings
32
Asking price per sq ft
$171
People and jobs
Median household income
$69,981
Population change (1 year)
−0.1%
Unemployment rate
4.0%
Show 4 more
Population
26,080
Income adjusted for cost of living
$78,630
Net moves in (IRS)
+366
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
7.2
FEMA hazard risk score (0 to 100)
18.4
Flood risk score
29.0
Show 3 more
Wildfire risk score
45.0
Walkability (1 to 20)
5.8
Road, rail and air noise
55 dB
Questions people ask
Is Otsego County, MI overvalued?
Home prices in Otsego County, MI are well above what local incomes have historically supported: fair value is about $221,732, so the area is 16.0% overvalued.
Is Otsego County, MI a buyer's or seller's market?
Otsego County, MI is a balanced market, leaning toward buyers: homes take about 55 days to sell, listings are up 40% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Otsego County, MI?
Home values in Otsego County, MI are up 4.0% over the last year.
How much do you need to earn to buy a home in Otsego County, MI?
A household needs about $55,778 a year to afford the typical home in Otsego County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,981.