Owosso, Michigan.
Typical home $189,563 (+4.8% in a year). Lansing-East Lansing, MI metro.
to buy the typical home at today's mortgage rate — +$545 (+121%) since Jan 2020.
- 1 year
- Up $8,615 +5%
- $180,947$189,563 since Sep 2025
- 5 years
- Up $40,204 +27%
- $149,358$189,563 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Owosso$995
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Owosso, MI rose 4.8% over the past year — faster than the nation's +1.2%.
Living in Owosso, Shiawassee County, Michigan
Owosso is a city of 14,714 people in Shiawassee County. Half its households earn more than $54,229 a year and half less, against $67,404 across Shiawassee County; 17% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Shiawassee County was 4.8% in August 2026, and the county had 0.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Owosso is a small city where most homes are lived in by their owners, and typical home values are modest. Household incomes run below the county's, and a good share of residents live below the poverty line. Fewer adults hold a four-year degree than in many places, and the median age is close to the national middle. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow arrive in a fair amount through the year.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels also employing a good number. Memorial Healthcare, Baker College and Owosso Public Schools are among the largest workplaces in the city. Unemployment across Shiawassee County is a little lower than a year ago, though the county has slightly fewer jobs than the year before. Most people drive to work, the typical commute is fairly short, and few work from home.
Things to do. The Maple River is a short drive away and is the nearest of the local waterways. Farther afield, a longer drive brings you to the Saginaw River, one of the best known rivers in the area, and to the Eli and Edythe Broad Art Museum, a museum for art lovers. Sleepy Hollow State Park, a protected area, is also a longer drive away.
Report a mistake
- 6,320households
- 21%of adults have a degree
- 17%below the poverty line
- 23 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Shiawassee County had 15,490 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 16°; warmest in July, with highs near 82° and lows near 60°. About 38 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Owosso Wwtp weather station, 2 miles away (NOAA).
Largest workplaces in Owosso
- Memorial HealthcareGeneral hospital1,113FTE
- Baker CollegeUniversity or college926
- Owosso Public SchoolsSchool district368FTE
- Shiawassee Health & WellnessCommunity health centers and clinics, outpatient162
- Litex IndustriesLawn furniture, metal, manufacturing153
- Ventek SolutionsMfg. of plastic foam products144
- Indian TrailsIntercity bus line operation122
- CSIG Shared Services GroupManagers' offices, residential real estate60
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 15 workplaces with 20 or more staff, 2,113 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), colleges from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Owosso’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Shiawassee County and the Lansing-East Lansing, MI metro.
Owosso home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Owosso$189,563
- Michigan$263,760
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Owosso listings, and the typical home goes pending in 15 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Owosso26.21%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Owosso15
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Owosso98
New listings per month
Sellers arriving at the market.
- Owosso41
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Owosso$184,610
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Owosso99.94%
Zip codes with a Owosso address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Owosso — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.