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MI area data

Owosso, MI

Owosso, MI.

Population: 27,500 (Census ACS)

The median home value in Owosso, MI is $190,563 — up 4.7% over the past year. Homes sell for a median $173,000 after a median 30 days on market. Typical rent runs $1,028/month. 7 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strongwind, coldwave, icestorm the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$190,563

Median home value

+4.7%

1-year change

30

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$190,563
1-year appreciation
+4.7%
3-year appreciation
+15.9%
5-year appreciation
+26.7%
10-year appreciation
+91.5%
All-time peak (2026-05)
$190,987
House Price Index (state)
387.5 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$173,000
Median list price
$185,000
Median price per sqft
$140
1-year sale-price change
+8.1%
Median days on market
30 days
Homes sold (recent period)
91
For-sale inventory
81
Sale-to-list ratio
99.9%
Active listings
56
1-year forecast
+2.0%
Days to pending
23 days
New listings (monthly)
43

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,028/mo
Studio fair-market rent
$823/mo
1BR fair-market rent
$1,029/mo
2BR fair-market rent
$1,261/mo
3BR fair-market rent
$1,639/mo
4BR fair-market rent
$1,891/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
7
Elementary schools
3
Middle schools
1
High schools
2
School districts serving the area
Owosso Public Schools, Shiawassee Regional ESD
Schools include
Lincoln Alternative High School, Bryant School, Central School, Emerson School, Owosso Middle School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strongWind, coldWave, iceStorm, tornado
Notable hazard ratings (county)
coldWave: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Low · iceStorm: Relatively Moderate · inlandFlooding: Relatively Low · lightning: Relatively Low
Wildfire risk to homes (county)
Higher than 5% of US counties
Buildings in wildfire direct-exposure zone
47.7%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Motor Wheel, Inc. (24.6 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
48.0°F
Average high
58.0°F
Average low
38.0°F
Annual precipitation
36.6 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
5.5 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
14,195
Jobs reachable by transit (45 min)
15,075

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
35
Nearest airport
Owosso Community Airport (2 mi)
Nearest major airport
Bishop International Airport (FNT) (22 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
MEMORIAL HEALTHCARE
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+201 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,961
Housing built before 1970
60.5%
Housing built 2000 or later
9.7%
Median annual property tax
$2,204
Mean commute to work
22 min
Households with broadband internet
67.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
12,320
Average weekly wage
$978
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
43

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

OwossoState medianUS median
Median home value$190,563$246,351$289,727
Median sale price$173,000$265,000$325,000
Median days on market30 days36 days51 days
Typical rent$1,028/mo$1,494/mo$1,808/mo
Median annual property tax$2,204$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Owosso, MI?
$190,563.
What is the median sale price in Owosso, MI?
$173,000.
How long do homes take to sell in Owosso, MI?
Median days on market: 30 days.
What is typical rent in Owosso, MI?
Typical rent: $1,028/month.
What is the natural-hazard risk in Owosso, MI?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strongWind, coldWave, iceStorm, tornado.
What is the wildfire risk in Owosso, MI?
Risk to homes is higher than 5% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Owosso, MI?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Owosso, MI?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Owosso, MI?
7 schools (3 elementary, 1 middle, 2 high) (NCES, 2022-23).
Is Owosso, MI walkable?
Walkability index: 5.5/20 (EPA Smart Location Database).
What is the cost of living in Owosso, MI?
Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Owosso

Selling a home in Owosso, MI?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents