Luce County, Michigan home prices
Typical home $139,950 · +8.0% in a year · property tax 0.98%
The typical home in Luce County is worth $139,950, 47% less than the Michigan typical home ($263,760). Values changed +8.0% in the past year and +2.6% over five years. Homeowners here pay a median 0.98% of their home's value in property tax each year ($1,371 on the typical home), versus 1.17% statewide.
Mortgage on the typical Luce County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $27,990 | $111,960 | $753 | $0 | $184 | $937 | $40,200 |
| 10% down | $13,995 | $125,955 | $847 | $52 | $184 | $1,084 | $46,500 |
| 5% down | $6,998 | $132,953 | $894 | $55 | $184 | $1,134 | $48,600 |
| 3.5% down (FHA) | $4,898 | $137,416 | $924 | $62 | $184 | $1,171 | $50,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.98% 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.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ontonagon County | $134,619 | +13.0% | 1.16% |
| Oscoda County | $145,292 | +3.6% | 0.94% |
| Gogebic County | $132,435 | +6.4% | 1.43% |
| Iron County | $153,417 | +12.3% | 1.34% |
| Clare County | $159,525 | +8.8% | 1.11% |
| Lake County | $165,696 | +7.0% | 1.09% |
| Arenac County | $170,538 | +8.7% | 1.13% |
| Iosco County | $172,299 | +4.4% | 0.96% |
| Montmorency County | $174,570 | +2.5% | 0.86% |
| Saginaw County | $175,096 | +5.4% | 1.49% |
Frequently asked questions
What is the average home price in Luce County, MI?
The typical home value in Luce County is $139,950 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Luce County?
About $40,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Luce County?
The median effective rate is 0.98% of home value a year (Census ACS 2024 5-year estimates).