Much like its surrounding areas, it's a lot less expensive compared to the rest of the nation. Compared to the city of Grand Rapids however, it's somewhat less expensive.
Home prices
Otsego's median home price is $116,700. This is approximately $2,000 (1%) lower compared to other places in this area.In comparison to the entire nation it is approximately $100,800 (46%) lower, and is approximately $26,700 (18%) lower in comparison to the city of Grand Rapids.
Rents
The median rent in Otsego is $727 per month. In comparison to nearby areas it is about $28 (3%) lower.In comparison to the country as a whole it is roughly $335 (31%) lower, and is roughly $198 (21%) lower compared to the city of Grand Rapids.
Nearby places
Plainwell
Plainwell is about 2 miles east from Otsego. Housing prices there are a bit more expensive. The median home in Plainwell is valued at $131,400, which is $14,700 (11%) higher than Otsego. Its rents are a little less expensive. Plainwell's median monthly rent is $687, which is $40 (5%) lower than Otsego.
Allegan
Allegan is roughly 7 miles northwest of Otsego. The housing prices there are pretty similar. The median home in Allegan costs $122,100, which works out to $5,400 (4%) higher than Otsego. Its rents are somewhat more expensive. Allegan's median monthly rent is $835, which works out to $108 (12%) higher than Otsego.
Gobles
Gobles is roughly 10 miles southwest from Otsego. Real estate prices there are somewhat less expensive. The median home in Gobles is valued at $89,500, which comes out to $27,200 (30%) lower than Otsego. The rent there is a little less expensive. Gobles's median monthly rent is $594, which works out to $133 (22%) lower than Otsego.
Parchment
Parchment is roughly 10 miles southeast from Otsego. Housing prices there are similar. The median home in Parchment costs $121,400, which is $4,700 (3%) higher than Otsego. Rent there is fairly similar. Parchment's median rent is $754 per month, which comes out to $27 (3%) higher than Otsego.
Westwood
Westwood is about 10 miles south of Otsego. Housing prices there are somewhat more expensive. Westwood's median home cost is $129,100, which is $12,400 (9%) higher than Otsego. Its rents are a bit more expensive. Westwood's median rent is $903 a month, which works out to $176 (19%) higher than Otsego.
