Zip 48849 (Lake Odessa, MI) Housing

The housing market in 48849 Lake Odessa, MI is quite strong compared to the national average. The median value of a house in this area is $194,000, which is significantly lower than the US median value of $338,100. The 1 year house appreciation rate for this area is 8.98%, which is higher than the national average of 8.27%. This suggests that now is an excellent time to invest in real estate in 48849 Lake Odessa, MI as there are still bargains to be had and continued growth potential.

The median home cost in Lake Odessa (zip 48849) is $194,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Lake Odessa (zip 48849) is up 12.2%.

Average Age of Homes

- The median age of Lake Odessa (zip 48849) real estate is 59 years old

The Rental Market in Lake Odessa (zip 48849)

- Renters make up 16.3% of the Lake Odessa (zip 48849) population
- 0.6% of houses and apartments in Lake Odessa (zip 48849), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake Odessa, Michigan	United States
	2,347.0	139,647,020.0
	56	42
	$194,000	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$12.65	$10.98
	$2,022	$2,690
	77.7%	57.4%
	10.7%	11.2%
	11.6%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	4.6%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	6.0%	2.6%
	2.4%	2.4%
	1.6%	2.8%
	4.1%	3.9%
	9.0%	4.5%
	21.3%	11.3%
	25.2%	13.0%
	19.0%	20.1%
	7.1%	13.6%
	1.3%	8.3%
	1.5%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.9%	13.6%
	4.9%	13.6%
	10.1%	13.6%
	3.8%	13.2%
	21.1%	14.8%
	10.1%	13.6%
	9.8%	10.0%
	5.1%	4.7%
	27.7%	12.2%

Reviews for Lake Odessa

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Donald · Lake Odessa, MI

People in Lake Odessa

Over 14 years ago

I have lived on Jordan Lake for 27 years. The neighborhood is incredible. The town is awesome and the education for our sons was great. This farming community with 2 More

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