Housing in Otter Lake, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$45,000
Median List Price
N/A
Price Per Sq Ft
$112
Days on Market
39
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$223,132
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
90.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$112
Otter Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Otter Lake is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$107,700
Median Rent
N/A
Total Housing Units
308
Vacancy Rate
39.0%
Owner Occupied
91.0%
Renter Occupied
9.0%
Median Property Tax
$2,138
per year
Monthly Cost (w/ Mortgage)
$556
Housing Types
The current median sale price in Otter Lake, MI is $45,000 according to Redfin data. Homes spend a median of 39 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $112. About 91.0% of housing units are owner-occupied. The median year homes were built is 1938. There are 308 total housing units.