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Shiawassee County, MI

Owosso

RANK #75 / 996 NAT  ·  #10 / 36 MI  ·  POP 68,124

1YR FORECAST: +4.0%

5YR OUTLOOK: +37%

#37 Best for Families
Our model projects Shiawassee County's housing market to grow +4.0% over the next year, significantly outpacing the national average.

[01] Why Shiawassee County?

Shiawassee County, Michigan, distinguishes itself with Curwood Castle in Owosso, a unique landmark modeled after Norman chateaus and once home to adventure novelist James Oliver Curwood. Located in the heart of Michigan, the county is roughly halfway between Lansing and Flint. Its communities offer a relaxed pace of life, with the Shiawassee River, meaning "sparkling waters," winding through the area and providing opportunities for canoeing, kayaking, and fishing. The county also features over 200 acres of parkland for outdoor recreation.

Life in Shiawassee County often appeals to families and individuals seeking a balance between rural charm and access to larger cities. Commute options include personal vehicles, with I-69 running through the county, and a reservation-based public transportation system, SATA, serving residents. The county has eight public school districts, including New Lothrop Area Public Schools and Laingsburg Community Schools. Recent economic developments show investment in manufacturing and efforts to support local entrepreneurs. The Shiawassee Economic Development Partnership focuses on growing existing companies and attracting new businesses, with a particular emphasis on workforce and real estate development, including housing in downtown Owosso.

[02] Market Snapshot

Housing Ratio
5.6x

Above national median (4.7x)

GDP Growth
+0.3%

Well below national median

Home Prices
+4.6%

Outpacing national median

Climate & Terrain
-3.5

Harsh climate or flat terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 5.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Crest Marine Manufacturing
    250+
  2. 2
    BAZCO ENTERPRISES Other
    100+
  3. 3
    Memorial Healthcare Healthcare
    8
  4. 4
    Baker College Professional Services Education
    4

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Shiawassee County U.S. National

The Numbers

DEMOGRAPHICS
Population
68,124
-0.12% YoY
Median Household Income
$62,498
Median Home Value
$151,900
+4.57% 12mo
Median Rent
$851
Average Annual Pay
$51,381
+2.5% YoY
Employment
15,541
+1.1% YoY
Income-to-Home-Value
0.4114
More affordable than average
Migration Inflow
3.42%
of pop. from another state
Bachelor's Degree+
19.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$175,000
Days on Market
37
Active market
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
95.8%
Negotiation room for buyers
Sold Above List
30.4%
Listings w/ Price Drops
20.0%
Building Permits (2024)
67
Single-Family Permits
65

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Firearm Fatalities
10.9
per 100K · nat avg 14.8
Injury Deaths
78.8
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,285M
TOTAL
PROJECT AMOUNT STATUS
Assembly Solar Farm (Phases I, II, and III)
D. E. Shaw Renewable Investments (DESRI) and Ranger Power
$450M Completed
Carland Wind Project
Apex Clean Energy
$315M Proposed
CORNELL - LAYTON 138.0kV Wind Project
Undisclosed
$250M Planned
Bell Solar-plus-Storage Project
Arevon
$170M Planned
Apple Blossom Battery Energy Storage System (BESS)
Innergex Renewable Energy
$100M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +0.3% 10 percentile
Population Growth -0.1% 24 percentile
Income Growth +7.8% 31 percentile
Vacancy Rate 0.9% 61 percentile
Home Price Change +4.6% 87 percentile
Price/Rent 15x 36 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Shiawassee County, MI a good place to move to?

Shiawassee County ranks #75 out of 996 U.S. counties on the Boom Town Index with a score of 92/100, putting it in the top tier nationally. Job growth of +1.1% and a median household income of $62,498 point to a county with active economic momentum.

Is Shiawassee County affordable?

By national standards, Shiawassee County is quite affordable. Homes here have a median value of $151,900, and the income-to-home-value ratio of 0.41 is well above the U.S. average — especially with median rent at just $851/month. Residents can generally buy a home without being cost-burdened.

Is Shiawassee County growing or shrinking?

Employers in Shiawassee County are hiring — job growth of +1.1% — but the population is close to flat (-0.1% YoY). Home values moved +4.6% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Shiawassee County?

There's a moderate stream of newcomers. About 3.42% of residents moved from another state, which is above average and suggests Shiawassee County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Cass County, MI 92 Tuscola County, MI 93 Lenawee County, MI 94 Muskegon County, MI 94 Ionia County, MI 94 Midland County, MI 94 Walker County, GA 92 Pearl River County, MS 92