Owosso, MI
Population 14,658 · Michigan
About Owosso, MI
Owosso is a mid-sized city located in Michigan with a population of 14,658 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,702 per year, which is 29% below the national median of $75,149. The median age of 38.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Owosso features a median home value of $121,500, which is 50% below the national median of $244,900. This makes Owosso one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $831, 29% below the national average of $1,163/month. Of the 7,090 total housing units, 66% are owner-occupied (4,119 units) and 34% are renter-occupied (2,102 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Owosso shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 15.6%, above the national average of 12.4%. Workers in Owosso have an average one-way commute time of 23.1 minutes.
Education & Demographics
19.7% of Owosso residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.6% White, 1.2% Hispanic or Latino, 0.4% Black or African American, and 0.5% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Owosso, MI
Compared to national averages, Owosso has a median household income of $53,702 (29% below the national median of $75,149). Home values average $121,500, which is 50% below the national median. Monthly rent at $831 is 29% below the US average of $1,163. Within Michigan, Owosso's income is 19% below the state average of $66,017, and home values are 34% below the state median of $183,391.
Why Live in Owosso, MI?
Owosso offers affordable housing with a median home value of $121,500, below the US average of $244,900, and rent that’s lower than the national average at $831/month, and short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($53,702) that falls below the national average. However, Owosso’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Owosso has a population of 14,658 with a median age of 38.1 years. Compare Owosso with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Owosso
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fraser | 14,604 | $61,118 | $193,600 | Compare |
| Hazel Park | 14,945 | $62,878 | $141,200 | Compare |
| Berkley | 15,084 | $113,103 | $289,200 | Compare |
| Harper Woods | 15,205 | $61,446 | $143,600 | Compare |
| Northview | 15,225 | $82,853 | $262,200 | Compare |
| Coldwater | 13,847 | $50,084 | $120,900 | Compare |
| Traverse City | 15,491 | $71,731 | $367,600 | Compare |
| Mount Clemens | 15,567 | $57,663 | $169,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Owosso With Other Cities
Frequently Asked Questions about Owosso
What is the population of Owosso, MI?
The population of Owosso, MI is 14,658 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Michigan.
What is the median household income in Owosso?
The median household income in Owosso, MI is $53,702 per year, which is 29% below the national median of $75,149.
What is the median home value in Owosso?
The median home value in Owosso, MI is $121,500, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Owosso?
The median monthly rent in Owosso, MI is $831, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Owosso?
The unemployment rate in Owosso, MI is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Owosso, MI a good place to live?
Owosso offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 14,658 and a median age of 38.1, the city appeals to a broad range of residents.
How educated is Owosso, MI?
19.7% of residents in Owosso aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Owosso?
Key cost-of-living indicators for Owosso, MI: median home value is $121,500 (50% below national), median rent is $831/month, and median household income is $53,702. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Owosso?
The poverty rate in Owosso, MI is 15.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Owosso, MI?
Owosso's population is 2.6% White, 1.2% Hispanic or Latino, 0.4% Black or African American, 0.5% Asian, and 1.0% two or more races. 0.9% of residents are foreign-born.