Mackinac County, Michigan home prices
Typical home $242,475 · +7.9% in a year · property tax 1.07%
The typical home in Mackinac County is worth $242,475, 8% less than the Michigan typical home ($263,760). Values changed +7.9% in the past year and +40.6% over five years. Homeowners here pay a median 1.07% of their home's value in property tax each year ($2,589 on the typical home), versus 1.17% statewide.
Mortgage on the typical Mackinac County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,495 | $193,980 | $1,305 | $0 | $337 | $1,642 | $70,400 |
| 10% down | $24,248 | $218,228 | $1,468 | $91 | $337 | $1,896 | $81,300 |
| 5% down | $12,124 | $230,352 | $1,550 | $96 | $337 | $1,983 | $85,000 |
| 3.5% down (FHA) | $8,487 | $238,084 | $1,602 | $107 | $337 | $2,046 | $87,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.07% 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 |
|---|---|---|---|
| Lenawee County | $242,871 | +5.6% | 1.27% |
| Montcalm County | $241,951 | +6.8% | 1.01% |
| Midland County | $245,098 | +9.1% | 1.47% |
| Wexford County | $232,555 | +4.4% | 1.13% |
| Cheboygan County | $253,004 | +4.8% | 0.89% |
| Newaygo County | $253,533 | +8.7% | 1.1% |
| Oceana County | $253,550 | +6.7% | 1.01% |
| Muskegon County | $255,234 | +4.3% | 1.18% |
| Isabella County | $229,324 | +7.9% | 1.34% |
| Mecosta County | $229,044 | +7.5% | 0.99% |
Frequently asked questions
What is the average home price in Mackinac County, MI?
The typical home value in Mackinac County is $242,475 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mackinac County?
About $70,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mackinac County?
The median effective rate is 1.07% of home value a year (Census ACS 2024 5-year estimates).