Owosso, MI Real Estate
According to census data in the year 2000 there were 6,684 housing units in Owosso.
This represents a 0.5% decline from 6,716 in 1990.
Of those housing units, 6,677 were located in either urbanized areas or urban clusters, and 7 were located in what is classified as a rural area.
Homeownership rate in Owosso is about 66%.
Owosso's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Owosso were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14.20% |
| Two Bedrooms | 28.30% |
| Three Bedrooms | 40.60% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $81,700 |
| Median Price asked for vacant units | $80,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $417 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 52.30% |
| Debt Free | 34.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
