Escanaba, MI home prices
Typical home $203,915 · +9.1% in a year · income needed $59,600
The Escanaba, MI metro area ranks 621 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +9.1% in a year and +42.8% over five years. With 20% down at 7.11%, the typical home costs about $1,391 a month including 1.13% property tax (Delta County rate).
Mortgage on the typical Escanaba home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,783 | $163,132 | $1,097 | $0 | $294 | $1,391 | $59,600 |
| 10% down | $20,392 | $183,524 | $1,235 | $76 | $294 | $1,605 | $68,800 |
| 5% down | $10,196 | $193,720 | $1,303 | $81 | $294 | $1,677 | $71,900 |
| 3.5% down (FHA) | $7,137 | $200,222 | $1,347 | $90 | $294 | $1,731 | $74,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.13% 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.
Counties in the Escanaba area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Delta County, MI | $203,915 | +9.1% | 1.13% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Escanaba?
The typical home in the Escanaba, MI metro area is worth $203,915 (Zillow, September 2026).
What salary do you need to buy a house in Escanaba?
About $59,600 a year for the typical home with 20% down at 7.11%.