There are currently 3,269 real estate properties in Otsego, MI, with a median automated valuation model (AVM) price of $228,079.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otsego, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Otsego, MI, is $266,072.00, with the most expensive house in Otsego, MI, topping out at $5,025,600.00 and the cheapest home in Otsego, MI, clocking in at $14,837.00. In other words, there’s something for every potential homebuyer or savvy investor in Otsego, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otsego, MI, is on a rollercoaster ride. The average rent price in Otsego, MI, is $1,423.00. Indeed, when looking to rent in Otsego, MI, you can expect to pay as little as $670.00 or as much as $3,000.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Otsego, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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