Market Overview
Home Prices in Owosso, MI
The median home value in Owosso, MI is $190,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Owosso are priced54% below average. Owosso is part of the Lansing-East Lansing, MI metro area.
Over the past five years, Owosso home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Owosso Home Price Trend
City Comparison
Owosso vs. National Median
At $190,105, homes in Owosso cost 54% below the national median of $410,000. This makes Owosso a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Owosso?
20% Down Payment
$38,021
on $190,105
Monthly P&I
$991/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,259/mo
incl. taxes & insurance
Income Needed
$50,360
gross annual (30% rule)
10% Down Option
$19,011
+ PMI applies
Loan Amount (20% dn)
$152,084
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Owosso, MI?
The median home value in Owosso is $190,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Owosso?
Over the past year, home values in Owosso have increased by 5%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Owosso?
To comfortably afford the median home price of $190,105 with a 20% down payment ($38,021) at today's rates (6.8%), you'd need a gross annual income of approximately $50,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Owosso compare to the national average home price?
The national median home value is approximately $410,000. At $190,105, homes in Owosso are 54% below the national average.
What metro area is Owosso part of?
Owosso is part of the Lansing-East Lansing, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.