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Okemos

Learn about the people, housing, costs and businesses in Okemos, Michigan

Median Home$380,015
Median Rent$1,251/month
Population26,074
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Education34% public administration
Home Value Growth⬆⬆+17.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners60% of occupied units
NotableHigh Incomes$107k/year · top 13% nationally
NotableAmenity Score68/100 · highly walkable area
Okemos
MI

Frequently Asked Questions

What are today's mortgage rates in Okemos?

As of today, the 30-year fixed mortgage rate for Okemos is approximately 6.934% (6.971% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Okemos?

The median home value in Okemos is $380k. The median monthly rent is $1,251. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Okemos?

Home values in Okemos have increased 17.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Okemos?

Based on a typical all-in ownership cost of $1,591/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Okemos is $107k/year.

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What industries drive the economy in Okemos?

The largest employment sectors in Okemos are public administration (34%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.