The story of this market
The typical home in Osceola County, Michigan sells for about $227,000, or $145 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. Over the long run, values in this county have grown 128% since 2000. Last year 5 of 7 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,048 a month.
HUD sets the fair market rent for a 2-bedroom at $1,048 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+5.9%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+19.4%). Worst: 2010 (-8%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,249
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+5.9%
2025 change
FHFA repeat-sales index, median of 7 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
43
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $6,365,669.
Mortgage activity
Home lending in this county
74.5%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 904 | 485 | 74.5% | 0% | $120,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Osceola County, Michigan
Osceola County's housing market remains stable with modest price growth and steady demand for rural residential properties. The market is driven by local buyers and those seeking affordability, though inventory remains tight in popular areas.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 4 ZIP reports
Median prices moved down 3.9% year over year.
Homes spend a median of 61 days on market with 4.3 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 89.38% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 15.8% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 3 researched ZIP reports of 4 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Osceola County, Michigan — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 22
researched Sep 22
researched Sep 22
researched Sep 22
| 49631 | Evart | $238,500 | $142 | +3.2% | 68 | 97.5% | 12% | 5.4 | 42 | $782 | researched Sep 22 |
| 49665 | Mesick | $185,000 | $135 | +2.4% | 68 | 96.5% | 12% | 8.2 | 33 | $804 | researched Sep 22 |
| 49677 | Reed City | $122,900 | $85 | +2.1% | 62 | 97.5% | 12% | 4.2 | 48 | $785 | researched Sep 22 |
| 49679 | Sears | $76,161 | $174 | -74.5% | 25 | — | — | — | 136 | $1,038 | researched Sep 22 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Osceola County are generally lower than the Michigan state average, with property crime being the most frequently reported incident type.
Schools in the county are primarily served by local districts like Evart Public Schools and Reed City Area Public Schools, which generally maintain average state accountability ratings.
The county faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with flood risks primarily concentrated near the Muskegon River basin.
Economic momentum is driven by manufacturing, agriculture, and forestry, with local development efforts focused on infrastructure improvements in the cities of Reed City and Evart.
Property taxes are assessed by the county and local townships based on taxable value, with millage rates determined by local school districts, county government, and special service levies.
The county offers extensive outdoor recreation, including access to the Muskegon River, numerous inland lakes for fishing, and the White Pine Trail for hiking and biking.
The rental market is characterized by limited inventory and steady demand, primarily serving local workers and those seeking affordable rural housing options.
The economy is anchored by manufacturing, agriculture, and forestry, with a focus on small-business growth and regional tourism.
Transportation is primarily served by US-131 and US-10, which provide critical north-south and east-west connectivity for the county.
The Osceola County Equalization Department oversees the assessment process, ensuring property valuations align with state-mandated standards.
The county is served by various special districts, including local library districts and emergency service authorities that cross township boundaries.
Property insurance premiums are generally stable, though coverage for rural properties may be influenced by proximity to fire services and flood zones.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major river providing extensive opportunities for fishing, kayaking, and canoeing throughout the county.
A long-distance rail-trail that serves as a primary artery for hiking, biking, and snowmobiling across the region.
A popular destination for local residents for boating and seasonal recreation.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Real property owned and used as a homestead by a disabled veteran or their surviving spouse.
Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility.
MCL 211.7b
applies when — Delinquency in real property tax payments.
A three-year forfeiture and foreclosure process. Property is forfeited to the county treasurer after two years of delinquency. If taxes remain unpaid by March 31 of the third year, the property is foreclosed upon by the Foreclosing Governmental Unit.
General Property Tax Act, Public Act 206 of 1893; MCL 211.78k
applies when — Transfer of interest in real estate consisting of not less than 1 or more than 4 residential dwelling units.
Sellers must provide a written disclosure statement to prospective buyers regarding the condition of the property, including known defects.
Seller Disclosure Act, Act 92 of 1993
Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs. The tax is calculated by multiplying the taxable value by the local millage rate.
General Property Tax Act, Public Act 206 of 1893
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.