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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ortonville, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ortonville, MI Housing Market Trends

With 1,331 people, 507 houses or apartments, and a median cost of homes of $341,318, Ortonville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ortonville, accounting for 73.74% of the village's housing units. Other types of housing that are prevalent in Ortonville include duplexes, homes converted to apartments or other small apartment buildings ( 14.15%), large apartment complexes or high rise apartments ( 7.64%), and a few row houses and other attached homes ( 4.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ortonville. Owner-occupied housing accounts for 72.54% of Ortonville's homes, and 64.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ortonville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ortonville built between 1940-1969 ( 26.07%). A lesser amount of the housing stock also hails from before 1939 ( 19.55%). There's also some housing in Ortonville built between 2000 and later ( 10.61%).

Ortonville Home Appreciation Rates

Appreciation rates for homes in Ortonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.84%, which ranks in the top 30% nationwide. This equates to an annual average Ortonville house appreciation rate of 7.11%.

Over the last year, Ortonville appreciation rates have trailed the rest of the nation. In the last twelve months, Ortonville's appreciation rate has been 4.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ortonville were at -0.26%, which equates to an annual appreciation rate of -1.02%.

Relative to Michigan, our data show that Ortonville's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$341,318

Ortonville, MI Home Prices
> $1,287,000
$965,001 - $1,287,000
$643,001 - $965,000
$515,001 - $643,000
$386,001 - $515,000
$257,001 - $386,000
$129,001 - $257,000
$64,001 - $129,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
2.3%
2.3%
5.8%
5.8%
22.5%
22.5%
44.3%
44.3%
20.2%
20.2%
1.2%
1.2%
3.7%
3.7%
0% 100.0%
% of Homes
Very High

for Michigan

High

for nation

Number of Homes And Apartments:

507

Ortonville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,365 / per month

Homeownership Rate

Owners
Renters
72.5%
72.5%
27.5%
27.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.6%
5.6%
94.4%
94.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.6%
10.6%
43.8%
43.8%
26.1%
26.1%
19.6%
19.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.7%
73.7%
4.5%
4.5%
14.2%
14.2%
7.6%
7.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.0%
2.0%
29.6%
29.6%
50.3%
50.3%
13.8%
13.8%
4.3%
4.3%
0% 100.0%
% of Homes