Otter Lake: Housing & Real Estate
The median Otter Lake home is valued at $101,400 (estimated market value runs 19% higher at $120,772), with median rent $1,292 (1.3× higher than Lapeer County median $988; 1.1× higher than Michigan median $1,129). Homeownership rate: 91.6%. That's 2.4× below the Lapeer County median ($239,000); 2.3× below the Michigan median ($231,600). Market is cold. Vacancy rate 39.0%. A municipal building code is in effect.
- 2.4× annual income — home value vs. household income (vs Michigan 3.0×).
- 6.5 years to break even renting at the median (vs Michigan 15y).
- 4-BR rent is 2.0× a studio — rent gradient by unit size.
- Median rent runs 25% above HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $101,400 — 0.5× the Michigan median ($193,400). Median rent $1,292/month. homeownership rate 91.6% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 2.4× |
|---|---|
| Affordability · Rent To Income Pct | 36.1% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Fair Market Rent · Studio rent | $731 (vs Michigan $1,009) |
| Fair Market Rent · One-bedroom rent | $856 (vs Michigan $1,122) |
| Fair Market Rent · Two-bedroom rent | $1,033 (vs Michigan $1,411) |
| Fair Market Rent · Three-bedroom rent | $1,272 (vs Michigan $1,724) |
| Fair Market Rent · Four-bedroom rent | $1,497 (vs Michigan $1,868) |
| Fair Market Rent · HUD FMR area | Flint, MI MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $120,772 |
| Median Home Value | $101,400 (vs Michigan $193,400) |
| Median Rent | $1,292 (vs Michigan $1,101) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cold |
|---|---|
| Housing Market · Vacancy rate | 39.0% |
| Housing Market · Price Appreciation 2Yr | -5.8% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Michigan median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Michigan median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Michigan median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 1.5% (vs Michigan 60.4%) |
| Broadband · Broadband-capable premises | 194 |
| Electricity · Electricity rate (¢/kWh) | 19.30¢/kWh |
| Electricity · Customers | 4516367 |
| Electricity · Revenue Millions | $6,466 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 0.850000000 (vs Michigan 100.0%) |
| Mobile Broadband · 5G mobile coverage | 0.000000000 (vs Michigan 1.0%) |
| Mobile Home Parks Detail · County total | 6 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 91.6% (vs Michigan 65.9%) |
|---|---|
| Median Year Built | 1938 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12