How much do homeowners pay a month in Otto Township, MI?
Homeowners with a mortgage in Otto Township, MI pay a median of $1,372 (±$166) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $495 (±$70).
68.9% of owned homes carry a mortgage.
In Otto Township, the median monthly cost with a mortgage went from $987 in 2015–2019 to $1,372 in 2020–2024 (+39.0%).
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 .
- With a mortgage
- $1,372 (±$166)
- Without a mortgage
- $495 (±$70)
- Owned with a mortgage
- 68.9%
Monthly owner costs in Otto Township
| Otto Township | Oceana County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,372 (±$166) | $1,280 (±$46) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $495 (±$70) | $515 (±$16) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 68.9% (±8.4 points) | 49.0% (±2.2 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,582 (±$257) | $1,914 (±$62) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Otto Township, the median cost with a mortgage is not measurably different from Oceana County ($1,280).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Oceana County, Otto Township ranks 7 of 17 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 779 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Otto Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $987 (±$93) | $1,372 (±$166) | +39.0% | No measurable change after inflation |
| Median real estate taxes | $1,239 (±$103) | $1,582 (±$257) | +27.7% | No measurable change after inflation |
| Median home value | $96,000 (±$6,598) | $170,700 (±$28,253) | +77.8% | Up 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.
Median monthly cost with a mortgage in places near Otto Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Otto Township | — | $1,372 (±$166) | — |
| Blue Lake Township (Muskegon County) | 5.6 mi | $1,465 (±$183) | Not measurably different |
| Ferry Township | 6.1 mi | $1,237 (±$279) | Not measurably different |
| Grant Township (Oceana County) | 6.2 mi | $1,195 (±$128) | Not measurably different |
| Greenwood Township (Oceana County) | 6.2 mi | $1,541 (±$153) | Not measurably different |
| Rothbury | 7.2 mi | $1,086 (±$122) | Lower |
| New Era | 7.3 mi | $1,293 (±$119) | Not measurably different |
| Whitehall Township | 7.7 mi | $1,330 (±$176) | Not measurably different |
| Newfield Township | 8.4 mi | $1,295 (±$137) | Not measurably different |
Nearby places with a measurably lower figure: Rothbury, MI ($1,086).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Oceana County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Pentwater Township | $1,729 (±$146) |
| 2 | Claybanks Township | $1,542 (±$255) |
| 3 | Greenwood Township (Oceana County) | $1,541 (±$153) |
| 4 | Elbridge Township | $1,513 (±$232) |
| 5 | Benona Township | $1,506 (±$227) |
| 6 | Crystal Township (Oceana County) | $1,417 (±$101) |
| 7 | Otto Township | $1,372 (±$166) |
| 8 | Golden Township | $1,368 (±$82) |
| 9 | Newfield Township | $1,295 (±$137) |
| 10 | Hart Township | $1,254 (±$163) |
| 11 | Ferry Township | $1,237 (±$279) |
| 12 | Leavitt Township | $1,201 (±$151) |
| 13 | Colfax Township (Oceana County) | $1,198 (±$115) |
Showing 13 of 17 places in Oceana 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 Otto Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Otto Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Otto Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Otto Township, and send estimates and invoices from your phone.
Questions about Otto Township
What is the average mortgage payment in Otto Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Otto Township, MI is $1,372 (±$166) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Otto Township?
Owners without a mortgage in Otto Township pay a median of $495 (±$70) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Otto Township gone up?
In Otto Township, the median monthly cost with a mortgage went from $987 in 2015–2019 to $1,372 in 2020–2024 (+39.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Otto township, Oceana County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Otto township, Oceana County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Otto township, Oceana County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Otto township, Oceana County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Otto township, Oceana 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 Otto township, Oceana County, Michigan (county subdivision:61780, in state:26 county:127).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
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 Otto Township at a glance
- Income and affordability in Otto Township
- Home values in Otto Township
- Property taxes in Otto Township
- Types of homes in Otto Township
- Bedrooms in Otto Township
- Age of homes in Otto Township
- Heating fuel in Otto Township
- Commute and cars in Otto Township
- How long people stay in Otto Township
- Michigan landlord and tenant rules
- Housing across Oceana County
- Housing data for every place in Michigan