What is the median rent in Otsego Lake Township, MI?
The median gross rent in Otsego Lake Township, MI is $1,330 (±$169) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 137 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Otsego Lake Township, the median gross rent went from $926 in 2015–2019 to $1,330 in 2020–2024 (+43.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,330 (±$169)
- Rented homes
- 137 (±94)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +43.6%
How much rent costs in Otsego Lake Township
| Monthly gross rent | Otsego Lake Township | Otsego County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 12.4% (±15.7 points) | 11.2% | 8.3% | 6.3% |
| $500 to $999 | 13.1% (±17.0 points) | 38.0% | 30.1% | 20.2% |
| $1,000 to $1,499 | 53.3% (±38.7 points) | 37.1% | 38.4% | 28.1% |
| $1,500 to $1,999 | 21.2% (±26.3 points) | 12.5% | 15.1% | 21.1% |
| $2,000 to $2,499 | 0.0% (±19.5 points) | 1.2% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.0% (±19.5 points) | 0.0% | 1.4% | 5.5% |
| $3,000 or more | 0.0% (±19.5 points) | 0.0% | 1.7% | 6.8% |
The most common range is $1,000 to $1,499, paid by 53.3% of renting households.
0.0% of rented homes in Otsego Lake Township cost $2,000 or more a month.
Otsego Lake Township against Otsego County, its state and the nation
| Otsego Lake Township | Otsego County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,330 (±$169) | $1,008 (±$83) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 137 (±94) | 2,255 (±248) | 1,032,697 (±7,764) | 42,849,984 |
In Otsego Lake Township, median gross rent is higher than in Otsego County ($1,008).
It is also higher than in Michigan ($1,129).
It is not measurably different from the national figure ($1,413).
In Otsego County, Otsego Lake Township ranks 2 of 10 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 164 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Otsego Lake Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $926 (±$114) | $1,330 (±$169) | +43.6% | No measurable change after inflation |
| Households that rent | 13.1% (±5.1 points) | 13.9% (±7.5 points) | +0.8 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±15.7 points) | 18.5% (±27.8 points) | +18.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Otsego Lake Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Otsego Lake Township | — | $1,330 (±$169) | — |
| Bagley Township | 5.4 mi | $1,125 (±$260) | Not measurably different |
| Hayes Township (Otsego County) | 6.4 mi | $1,188 (±$297) | Not measurably different |
| Chester Township (Otsego County) | 6.6 mi | $1,188 (±$833) | Not measurably different |
| Maple Forest Township | 6.7 mi | $925 (±$100) | Lower |
| Gaylord | 7.9 mi | $977 (±$103) | Lower |
| Frederic Township | 12 mi | $1,000 (±$201) | Lower |
| Livingston Township | 12 mi | $1,058 (±$293) | Not measurably different |
| Dover Township (Otsego County) | 12 mi | $967 (±$250) | Lower |
Nearby places with a measurably lower figure: Maple Forest Township, MI ($925), Gaylord, MI ($977), Frederic Township, MI ($1,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Otsego County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Elmira Township | $1,375 (±$748) |
| 2 | Otsego Lake Township | $1,330 (±$169) |
| 3 (tie) | Chester Township (Otsego County) | $1,188 (±$833) |
| 3 (tie) | Hayes Township (Otsego County) | $1,188 (±$297) |
| 5 | Bagley Township | $1,125 (±$260) |
| 6 | Livingston Township | $1,058 (±$293) |
| 7 | Gaylord | $977 (±$103) |
| 8 | Dover Township (Otsego County) | $967 (±$250) |
Showing 8 of 10 places in Otsego County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Otsego Lake Township
What is the average rent in Otsego Lake Township, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Otsego Lake Township is $1,330 (±$169) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Otsego Lake Township?
In Otsego Lake Township, the median gross rent went from $926 in 2015–2019 to $1,330 in 2020–2024 (+43.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Otsego Lake Township cost more than $2,000 a month?
0.0% of rented homes in Otsego Lake Township have a gross rent of $2,000 or more a month, and 12.4% cost less than $500.
Is rent in Otsego Lake Township higher than in Otsego County?
In Otsego Lake Township, median gross rent is higher than in Otsego County ($1,008).
It is also higher than in Michigan ($1,129).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Otsego Lake township, Otsego County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Otsego Lake township, Otsego County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Otsego Lake township, Otsego County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Otsego Lake township, Otsego County, Michigan (county subdivision:61680, in state:26 county:137).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Otsego Lake Township at a glance
- Income and affordability in Otsego Lake Township
- Home values in Otsego Lake Township
- Homeowner costs in Otsego Lake Township
- Property taxes in Otsego Lake Township
- Types of homes in Otsego Lake Township
- Bedrooms in Otsego Lake Township
- Age of homes in Otsego Lake Township
- Heating fuel in Otsego Lake Township
- Commute and cars in Otsego Lake Township
- Population growth in Otsego Lake Township
- How long people stay in Otsego Lake Township
- Michigan landlord and tenant rules
- Housing across Otsego County
- Michigan places ranked by median rent
- Housing data for every place in Michigan