Hillsdale, MI home prices
Typical home $213,792 · +4.6% in a year · income needed $61,400
The Hillsdale, MI metro area ranks 592 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.6% in a year and +21.8% over five years. With 20% down at 7.11%, the typical home costs about $1,433 a month including 0.99% property tax (Hillsdale County rate).
Mortgage on the typical Hillsdale home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $42,758 | $171,033 | $1,151 | $0 | $283 | $1,433 | $61,400 |
| 10% down | $21,379 | $192,413 | $1,294 | $80 | $283 | $1,657 | $71,000 |
| 5% down | $10,690 | $203,102 | $1,366 | $85 | $283 | $1,734 | $74,300 |
| 3.5% down (FHA) | $7,483 | $209,919 | $1,412 | $95 | $283 | $1,789 | $76,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.99% 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 Hillsdale area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hillsdale County, MI | $213,833 | +4.6% | 0.99% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Hillsdale?
The typical home in the Hillsdale, MI metro area is worth $213,792 (Zillow, September 2026).
What salary do you need to buy a house in Hillsdale?
About $61,400 a year for the typical home with 20% down at 7.11%.