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Real Estate Prices & Overview

Owosso East median real estate price is $149,046, which is less expensive than 77.3% of Michigan neighborhoods and 86.8% of all U.S. neighborhoods.

The average rental price in Owosso East is currently $1,146, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.5% of Michigan neighborhoods.

Owosso East is a suburban neighborhood (based on population density) located in Owosso, Michigan.

Owosso East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Owosso East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Owosso East are 4.3%, which is lower than one will find in 71.4% of American neighborhoods. Demand for real estate in Owosso East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Owosso East has the amazing distinction of housing more same sex couples living together than 98.6% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

Occupations

NeighborhoodScout's exclusive research identifies the Owosso East neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 41.7% of its working residents employed in such fields, which is a higher proportion than 95.1% of American neighborhoods.

Diversity

Did you know that the Owosso East neighborhood has more Czechoslovakian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.1% of this neighborhood's residents have Czechoslovakian ancestry and 5.0% have Arab ancestry.

Owosso East is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Owosso East neighborhood in Owosso are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.0% of U.S. neighborhoods. In addition, 1.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 77.6% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Owosso East neighborhood, 41.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 22.0% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.9%), and 16.4% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Owosso East neighborhood is English, spoken by 94.4% of households. Some people also speak Arabic (5.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Owosso East neighborhood in Owosso, MI, residents most commonly identify their ethnicity or ancestry as German (28.0%). There are also a number of people of Irish ancestry (19.4%), and residents who report English roots (11.2%), and some of the residents are also of Czechoslovakian ancestry (5.1%), along with some Arab ancestry residents (5.0%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Owosso East neighborhood spend under 15 minutes commuting one-way to work (47.8% of working residents), one of the shortest commutes across America.

Here most residents (84.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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