Home

Otisville, MI Real Estate


According to census data in the year 2000 there were 361 housing units in Otisville. This represents a 24.1% growth from 291 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 361 were located in what is classified as a rural area.

Homeownership rate in Otisville is about 82.1%. Otisville's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.68 people.

The majority of houses, apartments or condos in Otisville were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.90%
Two Bedrooms30.50%
Three Bedrooms43.80%
Four Bedrooms14.40%
Five Bedrooms or more2.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1958
Median Value of occupied units$79,300
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1953
Median Monthly Rent asked for vacant units$463

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.90%
Home Equity Loan7.80%
Simple Mortgage52.90%
Debt Free35.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%