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ZipNumbers

Michigan · Census place 61940

Owosso city, MI

Quick answer

Owosso city has 14,658 residents, ranking #76 of 745 places in Michigan. Median household income is $53,702, the median home is worth $121,500 and median gross rent runs $831 a month.

Population
14,658Owosso city residents
Median household income
$53,702Past 12 months, inflation adjusted
Median home value
$121,500Owner-occupied units
Median gross rent
$831Rent plus utilities, monthly
Median age
38.1 yrsAll residents
Homeownership rate
66.2%Owner-occupied households

What the numbers mean in Owosso city

Housing cost measured against local earnings.

A household earning the Owosso city median would spend about 18.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.6% of residents and 66.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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