A typical Otter Lake home is worth about $232,000
Up 6.5% in a year, 13% below the Michigan typical home.
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Otter Lake?
Read from the numbers below. The page puts what stands out first.
Up 16.1% in five years
Slower than Michigan (24.1%).
Show as a table
| January | Otter Lake | Michigan |
|---|---|---|
| 2017 | $130,000 | $144,000 |
| 2018 | $136,000 | $155,000 |
| 2019 | $133,000 | $165,000 |
| 2020 | $149,000 | $175,000 |
| 2021 | $174,000 | $194,000 |
| 2022 | $203,000 | $217,000 |
| 2023 | $206,000 | $230,000 |
| 2024 | $206,000 | $241,000 |
| 2025 | $216,000 | $253,000 |
| 2026 | $229,000 | $262,000 |
| August 2026 | $232,000 | $266,000 |
A typical Otter Lake home worth $127K in September 2016 is worth about $232K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
92% of Otter Lake households own their home
Half of Otter Lake’s homes were built before 1938.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
What it takes to buy in Otter Lake
Try your own numbers below.
That covers a typical Otter Lake home, with $39K to spare.
A two-bedroom rents for about $1,090 a month here, $370 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,090
Renters already here pay a median of $1,292.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Detroit-Warren-Livonia, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Otter Lake buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.