States · Michigan · Shiawassee County

Owosso, Michigan.

Typical home $189,563 (+4.8% in a year). Lansing-East Lansing, MI metro.

What it costs per month · Owosso $995/mo

to buy the typical home at today's mortgage rate — +$545 (+121%) since Jan 2020.

What the home itself did
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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Owosso $995 Michigan $1,384 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 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.

People 14,714 in the 2020 census; median age 38.9
Household income $54,229 the median, give or take $4,373 · Shiawassee County: $67,404
Unemployment 4.8% Shiawassee County, August 2026; 5.3% a year before
Homes 68% lived in by their owners; 32% rented

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 It can be wrong or out of date.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.

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  • 6,320households
  • 21%of adults have a degree
  • 17%below the poverty line
  • 23 mintypical commute
  • 6%work from home

What residents work in

  • Schools, hospitals and social care23%
  • Manufacturing17%
  • Shops (retail)13%
  • Restaurants, hotels and entertainment11%
  • Other services8%
  • Transport, warehouses and utilities6%

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

Average daily high and low for each month: coldest in January, 30° and 16°; warmest in July, 82° and 60° 20° 40° 60° 80° J 30° 16° F M A M J J 82° 60° A S O N D
Average daily high and low for each month: coldest in January, 30° and 16°; warmest in July, 82° and 60° 20° 40° 60° 80° J 30° 16° F M A M J J 82° 60° A S O N D

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

  1. Memorial HealthcareGeneral hospital1,113FTE
  2. Baker CollegeUniversity or college926
  3. Owosso Public SchoolsSchool district368FTE
  4. Shiawassee Health & WellnessCommunity health centers and clinics, outpatient162
  5. Litex IndustriesLawn furniture, metal, manufacturing153
  6. Ventek SolutionsMfg. of plastic foam products144
  7. Indian TrailsIntercity bus line operation122
  8. 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

  1. Strong windRelatively high
  2. Cold wavesRelatively high
  3. TornadoesRelatively high
  4. 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.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 Owosso $189,563 Michigan $263,760 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • Owosso$189,563
  • Michigan$263,760
  • United States$366,157
Property tax, 2026 roll $2,097/yr median bill inside Owosso, effective 1.14% of estimated value — current assessment rolls, AssessorSearch Data Lab, quality-gated against the county's official figures

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.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

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.

10% 15% 20% 25% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owosso 26.21% United States 26.90%
10% 15% 20% 25% 2018 2022 2026
  • Owosso26.21%
  • United States26.90%

Days to pending

How long the typical listing takes to go under contract.

10 20 30 40 2026 Owosso 15 United States 27
10 20 30 40 2026
  • Owosso15
  • United States27

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

50 100 150 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owosso 98
50 100 150 2018 2022 2026
  • Owosso98

New listings per month

Sellers arriving at the market.

20 30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Owosso 41
20 30 40 50 2018 2022 2026
  • Owosso41

Median sale price

What buyers actually paid — closed sales, not asking prices.

$100,000 $200,000 $300,000 2019 2020 2021 2022 2023 2024 2025 2026 Owosso $184,610 United States $371,407
$100,000 $200,000 $300,000 2020 2022 2024 2026
  • Owosso$184,610
  • United States$371,407

Sale-to-list ratio

Above 100%, homes sell over asking; below, buyers negotiate wins.

99.0% 99.5% 100.0% 100.5% 2026 Owosso 99.94%
99.0% 99.5% 100.0% 100.5% 2026
  • 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.

Zip codes in Owosso