Cheap Homes in Owosso, MI

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7 May-st-Owosso-MI-48867
Fixer Upper
$54,900 List Price

May St
Owosso, MI 48867

2 Bed | 1 Bath

23 Bradley-st-Owosso-MI-48867
Fixer Upper
$60,000 List Price

Bradley St
Owosso, MI 48867

2 Bed | 1 Bath

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Home Value Estimator For Owosso, MI

There are currently 1,895 real estate properties in Owosso, MI, with a median automated valuation model (AVM) price of $150,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Owosso, 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 Owosso, MI, is $170,877.00, with the most expensive house in Owosso, MI, topping out at $1,587,300.00 and the cheapest home in Owosso, MI, clocking in at $29,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Owosso, MI!

Rent Prices In Owosso, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Owosso, MI, is on a rollercoaster ride. The average rent price in Owosso, MI, is $1,421.00. Indeed, when looking to rent in Owosso, MI, you can expect to pay as little as $840.00 or as much as $2,700.00, 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 Owosso, 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.

Foreclosure Homes in Owosso, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Owosso, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Owosso, MI and much more. Save thousands at closing with home foreclosure listings in Owosso, MI — up to 75% off market value!

Top Reasons To Live In Owosso, MI In 2021

Owosso is located in Shiawassee, Michigan, with an estimated municipal population of 14,441 residents. All of the best foreclosed homes for sale in Owosso are located in the following zip code areas on 48867. The estimated population per square kilometer (.62 miles) in Owosso is 1,062.

Cost Of Living In Owosso, MI

So, about how much do homes cost in Owosso? The most recent median value of resident-owned homes in Owosso is 84,129. An estimated 58.2 percent of households in Owosso own their homes, with an average family size of 2.95. The median household income in Owosso is 45,203, with11 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Owosso, the median commute time of resident workers (in minutes) is 23.7. And last, but certainly not least, are you looking for homes to rent in Owosso? If so, the average rent price paid by renters in Owosso is 731, according to recent statistics.

Diversity And Demographics In Owosso, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Owosso, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Owosso is 34.8, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Owosso is 37.5, with an average family size of 2.95.

The percentage of residents who report their race in Owosso is as follows:

White 95.7%
Black / African American 1.4%
Asian 0.1%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Owosso? Or maybe you are searching for 55+ active adult communities in and/or near Owosso?

The percentage of residents who report their age in Owosso is as follows:

Under 10 13.6%
Aged 10-19 13.1%
20s 17.4%
30s 13.5%
40s 9.1%
50s 13.1%
60s 10.7%
70s 4.7%
80+ 4.8%

Best Schools In Owosso, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Owosso with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Owosso.

Pros And Cons Of Living In Owosso, Michigan

How do you know that living in -- or moving to -- Owosso is right where you need to be? Perhaps you grew up in Owosso or already live nearby; therefore, the decision to buy a home in Owosso is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Owosso for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Owosso:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Owosso.

Reasons To Move To Owosso, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Owosso can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Owosso, meanwhile, can field multiple offers from more qualified buyers.


Listing types in Owosso, MI

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