Ossineke, MI housing market
The typical Ossineke home is worth about $204,000, up 8.3% in a year, 24% below the Michigan typical home.
Home values, sales, trends and how Ossineke compares with the towns next door — updated as new data is published.
Ossineke at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Ossineke | Michigan |
|---|---|---|
| 2017 | $116,000 | $144,000 |
| 2018 | $118,000 | $155,000 |
| 2019 | $120,000 | $165,000 |
| 2020 | $114,000 | $175,000 |
| 2021 | $130,000 | $194,000 |
| 2022 | $154,000 | $217,000 |
| 2023 | $167,000 | $230,000 |
| 2024 | $175,000 | $241,000 |
| 2025 | $190,000 | $253,000 |
| 2026 | $201,000 | $262,000 |
| August 2026 | $204,000 | $266,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Ossineke in 2025, all single-family houses, worth about $1.1 million to build. That's 2.7 per 1,000 residents, about the pace of Michigan as a whole. Over the past 10 years, Ossineke has permitted 32 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Ossineke's population fell by 40 even though 7 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 27% of Ossineke's homes are seasonal or vacation homes, which adds housing without adding residents. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $348,000 |
| 2025 | 5 | 5 | 0 | $1.1 million |
| 2024 | 5 | 5 | 0 | $1.7 million |
| 2023 | 10 | 10 | 0 | $1.4 million |
| 2022 | 2 | 2 | 0 | $110,000 |
| 2021 | 3 | 3 | 0 | $884,000 |
| 2020 | 2 | 2 | 0 | $236,000 |
| 2019 | 1 | 1 | 0 | $153,000 |
| 2018 | 4 | 4 | 0 | $613,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $65,000 |
| 2011 | 1 | 1 | 0 | $65,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 5 | 5 | 0 | $483,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Ossineke and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ossineke | $204K | +8.3% | $1,050 | 5 | $67,885 |
| Caledonia | — | −7%† | $1,010 | — | $71,513 |
| Wilson | — | −0.5%† | $1,100 | 3 | $62,143 |
| Green | — | — | $1,050 | 4 | $55,000 |
| Sanborn | — | — | $970 | 3 | $61,827 |
| Rust | — | −24.1%† | $980 | — | $49,313 |
† FHFA price index change, where Zillow has no home value for the town.
3 years of income
The typical Ossineke home costs about 3 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Ossineke is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 19% of the town's median household income.
Studio $750 · 4 bedrooms $1,740
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49707, 49744, 49747, 49753, 49766; Alpena County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.