Find Homes For Sale In Otter Lake, With Helpful Area Statistics Below
As we mentioned, Otter Lake is quite a small town with a population of 386 as of 2012. Since it’s so small, it is known as a village and is less than 1 square mile. The population has increased by only 80 people since the late 1800’s. As of the 2010 census, there were 144 total households and less than 100 families residing in Otter Lake. The median age of this town was 38.4 years old and more than 25% of residents were minors. Only 11.6% of residents were over the age of 65. The gender balance of the town was a tiny bit off, present 54% male and 45% female.
There aren’t many people residing in Otter Lake, it’s true, and the crime rate reflects that. Based on statistics provided by homefacts.com, Otter Lake has received an overall B average rating in crime as of 2014. This is over 19% less than the national average. This average statistics comes from an A- property crime rating and a B- violent crime rating, both of which are much lower than the national average.
When it come to homes in Otter Lake, the median house or condo value is set at $87,706, up just five thousand in 16 years. This is roughly $30,000 less than the overall statistical average for Michigan. The median gross income is roughly $589. As for the general income of Otter Lake, the estimated median household is $52,771, which is up almost $4,000 in 16 years. There are no urban homes in Otter Lake Michigan, as 100% is considered rural.
Since the year 2000, the population has decreased by 12%. Speaking of houses, the density per square mile features roughly 264 houses. There are only 20 houses without a mortgage and over 75 with a mortgage. The median number of rooms in each apartment comes out to 4.3, while the general average in Michigan is a little lower at 4.1 rooms per apartment. There are zero apartments with 5 rooms in them, 76 with 3 bedrooms and 22 with only 2 bedrooms. There are no studios or one-bedroom apartments for those wishing to move into something small by themselves. Over 98% of Otter Lake, Michigan residents have English as their primary, in-home language.
For those who have a small family and want a rural setting, Otter Lake may be the place for you. A small, quiet town with a tight-knit community is a great place to grow up and become familiar with. With the low crime rate, there’s no reason a family wouldn’t like the town of Otter Lake.