Commercial Real Estate Market in Ovid, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 212 off-market properties in Ovid, MI.
Market Trends
Ovid, MI spans 49.5 square miles in Clinton County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ovid, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Ovid, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ovid, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Ovid, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 64.8%
- Commercial 9.8%
- Industrial 3.6%
Largest Zones share of zoned land by district
General Residential District
Quasi Public District
Medium Density Residential District
General Business District
Light Industrial District
Ovid, MI zones 614 acres across 6 districts. Commercial zoning covers 9.8% of zoned land, residential 64.8% and industrial 3.6%. The largest single district is General Residential District at 44.7%. For commercial buyers the practical constraint is that only 13.4% of land carries a commercial or industrial designation.
General Residential District (RA-2)
DIVISION 3. - RA-2 GENERAL RESIDENTIAL DISTRICT Sec. 36-188. - Intent. It is the intent of the RA-2 General Residential District to provide for a diverse residential environment by allowing single-family, two-family and certain multifamily dwellings which meet the requirements of this division. Provisions are also made within this district to provide for gro…
Market overview
Demographics & Economy
Ovid, MI has 4,728 residents in 1,828 households. Density runs 95 people per square mile. Median household income here is $64,070 and median gross rent $868 a month.
4,728
Population
1,828
Households
2.6
Avg Household Size
43
Median Age
12%
College-Educated
93%
High-School Grad
49.5 sq mi
ZIP Area
95
Density / Sq Mi
$64,070
Median Household Income
$40,425
Median Earnings
$868
Median Rent
$158,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carland | — | — |
| Laingsburg | — | — |
| Bannister | — | — |
| Owosso | — | $13.63 |
Frequently Asked Questions
What zoning applies to commercial property in Ovid?
Ovid, MI zones 614 acres across 6 districts, of which 9.8% is commercial and 3.6% industrial. The largest single district is General Residential District at 44.7% of zoned land. DIVISION 3. - RA-2 GENERAL RESIDENTIAL DISTRICT Sec. 36-188. - Intent. It is the intent of the RA-2 General Residential District to provide for a diverse residential environment by allowing single-family, two-family and certain multifamily dwellings which meet the requirements of this division. Provisions are also made within this district to provide for gro… Residential zoning covers 64.8% and open space 0%.
Where does Realmo's Ovid market data come from?
Realmo compiles Ovid, MI figures from 7 recent recorded sales, 3 active sale listings, 212 tracked off-market properties, the current Ovid zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Ovid, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 614 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
