Gratiot County, Michigan home prices
Typical home $180,252 · +6.2% in a year · property tax 1.24%
The typical home in Gratiot County is worth $180,252, 32% less than the Michigan typical home ($263,760). Values changed +6.2% in the past year and +13.6% over five years. Homeowners here pay a median 1.24% of their home's value in property tax each year ($2,231 on the typical home), versus 1.17% statewide.
Mortgage on the typical Gratiot County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,050 | $144,202 | $970 | $0 | $276 | $1,246 | $53,400 |
| 10% down | $18,025 | $162,227 | $1,091 | $68 | $276 | $1,435 | $61,500 |
| 5% down | $9,013 | $171,240 | $1,152 | $71 | $276 | $1,499 | $64,300 |
| 3.5% down (FHA) | $6,309 | $176,987 | $1,191 | $80 | $276 | $1,546 | $66,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.24% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Alma metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Dickinson County | $180,433 | +4.4% | 1.27% |
| Ogemaw County | $180,468 | +6.0% | 0.95% |
| Crawford County | $179,733 | +3.1% | 1.06% |
| Baraga County | $177,789 | +14.6% | 1.22% |
| Menominee County | $184,675 | +5.3% | 1.01% |
| Wayne County | $175,631 | +0.8% | 1.63% |
| Saginaw County | $175,096 | +5.4% | 1.49% |
| Tuscola County | $185,735 | +5.6% | 1.21% |
| Montmorency County | $174,570 | +2.5% | 0.86% |
| Bay County | $186,141 | +6.5% | 1.49% |
Frequently asked questions
What is the average home price in Gratiot County, MI?
The typical home value in Gratiot County is $180,252 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Gratiot County?
About $53,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Gratiot County?
The median effective rate is 1.24% of home value a year (Census ACS 2024 5-year estimates).