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Ovid-Elsie Area Schools

Learn about the people, housing, costs and businesses in Ovid-Elsie Area Schools, Michigan

Median Home$162,783
Median Rent$962/month
Population18,919
Leading IndustriesManufacturing · Finance & Insurance · Public Administration1% manufacturing
Home Value Growth⬆⬆+17.7% over 2 years
Young Adults26% of residents
Homeowners72% of occupied units
Ovid-Elsie Area Schools
MI

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Frequently Asked Questions

What are today's mortgage rates in Ovid-Elsie Area Schools?

As of today, the 30-year fixed mortgage rate for Ovid-Elsie Area Schools is approximately 6.997% (7.040% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Ovid-Elsie Area Schools
What is the median home price in Ovid-Elsie Area Schools?

The median home value in Ovid-Elsie Area Schools is $163k. The median monthly rent is $962. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ovid-Elsie Area Schools?

Home values in Ovid-Elsie Area Schools have increased 17.7% 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 Ovid-Elsie Area Schools?

Based on a typical all-in ownership cost of $973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ovid-Elsie Area Schools is $70k/year.

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What industries drive the economy in Ovid-Elsie Area Schools?

The largest employment sectors in Ovid-Elsie Area Schools are public administration (26%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.