Petosky-Otsego Home Prices & Values

$46,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.8% 1-year change
  • 4.8% 1-year forecast

The median home value in Petosky-Otsego is $46,200. Petosky-Otsego home values have gone up 13.8% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in Petosky-Otsego is $3, which is lower than the Detroit average of $9. The median price of homes currently listed in Petosky-Otsego is $5,000 while the median price of homes that sold is $69,231. The median rent price in Petosky-Otsego is $550, which is lower than the Detroit median of $750.

Relative ZHVI
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Petosky-Otsego Market Overview

Data through Jun 30, 2014
  • $46,200 ZHVI
  • 4.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $5,000 Median listing price
  • No recent data Median sale price
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Petosky-Otsego Market Health

Data through Jun 30, 2014
  • 8.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Russell Woods $55,700 Millenium Village $54,800 NW Goldberg $49,100
Martin Park $43,800 Southwest Detroit $42,800 Aviation Sub. $40,800
Fitzgerald $40,800 Barton-McFarland $37,900  

Listings & Sales

Data through Jun 30, 2014
  • $3 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.5% Listings with price cut
36.4%
Sold below listing
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Petosky-Otsego Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$728 Petosky-Otsego
$743 Detroit
$1,310 United States
  • 1.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $550 Rent list price
  • No recent data Rent list price / sq ft
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