What percentage of people rent in Otsego Township, MI?
22.5% (±6.5 points) of the occupied homes in Otsego Township, MI are rented (2020–2024 American Community Survey).
That is 554 renting households against 1,910 that own their home.
In Otsego Township, the share of households that rent went from 14.0% in 2015–2019 to 22.5% in 2020–2024 (+8.5 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 22.5% (±6.5 points)
- Renting households
- 554 (±169)
- Median renter income
- $37,273 (±$17,421)
Who rents and who owns in Otsego Township
| Otsego Township | Allegan County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 22.5% (±6.5 points) | 12.6% (±1.0 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 554 (±169) | 5,750 (±486) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 1,910 (±222) | 39,772 (±704) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 1.9 (±0.3) | 2.4 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.2) | 2.7 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $37,273 (±$17,421) | $42,221 (±$4,567) | $42,352 (±$376) | $52,966 |
| Median owner household income | $98,333 (±$10,241) | $88,473 (±$2,527) | $87,130 (±$344) | $100,009 |
In Otsego Township, the renter share is higher than in Allegan County (12.6%).
It is not measurably different from Michigan (26.8%).
It is lower than the national figure (34.8%).
In Allegan County, Otsego Township ranks 6 of 31 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 327 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Otsego Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 14.0% (±3.6 points) | 22.5% (±6.5 points) | +8.5 percentage points | Measurable increase |
| Median gross rent | $878 (±$157) | $1,167 (±$209) | +32.9% | No measurable change after inflation |
| Median household income | $57,754 (±$6,754) | $74,145 (±$8,551) | +28.4% | No measurable change after inflation |
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.
Households that rent in places near Otsego Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Otsego Township | — | 22.5% (±6.5 points) | — |
| Otsego | 2.0 mi | 27.0% (±9.7 points) | Not measurably different |
| Plainwell | 5.0 mi | 30.8% (±8.0 points) | Not measurably different |
| Watson Township | 5.2 mi | 5.1% (±3.1 points) | Lower |
| Trowbridge Township | 5.8 mi | 13.9% (±6.5 points) | Not measurably different |
| Martin | 6.5 mi | 18.8% (±9.0 points) | Not measurably different |
| Alamo Township | 6.6 mi | 5.3% (±4.1 points) | Lower |
| Allegan | 6.8 mi | 31.3% (±10.0 points) | Not measurably different |
| Gun Plain Township | 7.4 mi | 7.8% (±4.1 points) | Lower |
Nearby places with a measurably lower figure: Watson Township, MI (5.1%), Alamo Township, MI (5.3%), Gun Plain Township, MI (7.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Allegan County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Fennville | 36.2% (±9.6 points) |
| 2 | Allegan | 31.3% (±10.0 points) |
| 3 | Plainwell | 30.8% (±8.0 points) |
| 4 | Wayland | 28.8% (±7.6 points) |
| 5 | Otsego | 27.0% (±9.7 points) |
| 6 | Otsego Township | 22.5% (±6.5 points) |
| 7 | Lee Township (Allegan County) | 20.0% (±7.7 points) |
| 8 | Saugatuck | 16.1% (±7.9 points) |
| 9 | Cheshire Township | 14.0% (±7.6 points) |
| 10 | Trowbridge Township | 13.9% (±6.5 points) |
| 11 | Martin Township | 12.2% (±3.9 points) |
| 12 | Wayland Township | 11.2% (±5.4 points) |
Showing 12 of 31 places in Allegan 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.
What you can do on Seayora in Otsego Township
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Questions about Otsego Township
How many renters are there in Otsego Township?
Otsego Township has an estimated 554 (±169) renting households, 22.5% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Otsego Township?
In Otsego Township, the share of households that rent went from 14.0% in 2015–2019 to 22.5% in 2020–2024 (+8.5 percentage points), a measurable increase.
How big are renting households in Otsego Township?
A renting household in Otsego Township has 1.9 people on average, against 2.6 in an owned home.
How much do renters earn in Otsego Township?
The median renting household in Otsego Township, MI has an income of $37,273 (±$17,421) a year, against $98,333 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Otsego township, Allegan County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Otsego township, Allegan County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Otsego township, Allegan County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Otsego township, Allegan County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Otsego township, Allegan 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) and detailed tables (acs/acs5) for Otsego township, Allegan County, Michigan (county subdivision:61640, in state:26 county:005).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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 Township at a glance
- Median rent in Otsego Township
- Rent by bedrooms in Otsego Township
- Rent burden in Otsego Township
- Income and affordability in Otsego Township
- Home values in Otsego Township
- Homeowner costs in Otsego Township
- Property taxes in Otsego Township
- Types of homes in Otsego Township
- Bedrooms in Otsego Township
- Age of homes in Otsego Township
- Heating fuel in Otsego Township
- Commute and cars in Otsego Township
- Population growth in Otsego Township
- How long people stay in Otsego Township
- Michigan landlord and tenant rules
- Housing across Allegan County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan