What is the Best Neighborhoods USA ranking for Petosky-Otsego?
Petosky-Otsego is ranked #75 of 80 eligible neighborhoods in Detroit; #323 of 334 eligible neighborhoods in MI; and #14,631 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Petosky-Otsego
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
20.4
Stability and Strength
9.9
Value Opportunity
25.6
Momentum
29.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Detroit, MI |
| County | Wayne County |
| National rank | #14,631 of 14,967 |
| State rank | #323 of 334 |
| City rank | #75 of 80 |
| County rank | #118 of 123 |
| National percentile | 2.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $68,115 |
| Year-over-year home value change | -11.9% |
| Month-over-month home value change | 1.42% |
| Home value to income ratio | 4.67 |
| Median household income | $14,599 |
| Bachelor's degree or higher | 11.2% |
| Civilian unemployment rate | 17.2% |
| Homeownership rate | 46.5% |
| Housing vacancy rate | 47.1% |
| Rent burden 30% or higher | 64.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Petosky-Otsego
Is Petosky-Otsego one of the best neighborhoods in Detroit?
Petosky-Otsego has a Best Neighborhoods USA Index of 20.4 and a city ranking of #75 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Petosky-Otsego?
The current Zillow Home Value Index for Petosky-Otsego is approximately $68,115.
Are home values rising or falling in Petosky-Otsego?
Zillow neighborhood values changed -11.9% year over year and 1.42% month over month.
What is the Neighborhood Momentum Score for Petosky-Otsego?
Petosky-Otsego has a Neighborhood Momentum Score of 29.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Petosky-Otsego?
The NDS-derived neighborhood median household income is approximately $14,599.
How affordable is Petosky-Otsego relative to household income?
The current Zillow home-value-to-household-income ratio is 4.67. Price-to-income affordability is a major Value Opportunity input.
Is Petosky-Otsego primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 46.5%.
What is the unemployment rate in Petosky-Otsego?
The NDS-derived civilian unemployment rate is approximately 17.2%.
How educated are residents of Petosky-Otsego?
Approximately 11.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Petosky-Otsego face high rent burden?
Approximately 64.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Petosky-Otsego?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications185
Estimated originations60
Home-purchase applications69
Origination rate32.6%
Home-purchase share37.5%
Average application loan$99,571
Total application loan amount$18,392,685
National application rank#2,301 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 31.7% YoY; originations 31.6% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.