Ludington, MI home prices
Typical home $267,083 · +8.1% in a year · income needed $77,500
The Ludington, MI metro area ranks 403 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.1% in a year and +15.6% over five years. With 20% down at 7.11%, the typical home costs about $1,807 a month including 1.06% property tax (Mason County rate).
Mortgage on the typical Ludington home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $53,417 | $213,666 | $1,437 | $0 | $370 | $1,807 | $77,500 |
| 10% down | $26,708 | $240,375 | $1,617 | $100 | $370 | $2,087 | $89,500 |
| 5% down | $13,354 | $253,729 | $1,707 | $106 | $370 | $2,183 | $93,500 |
| 3.5% down (FHA) | $9,348 | $262,245 | $1,764 | $118 | $370 | $2,252 | $96,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% 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 Ludington area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mason County, MI | $267,052 | +8.1% | 1.06% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Ludington?
The typical home in the Ludington, MI metro area is worth $267,083 (Zillow, September 2026).
What salary do you need to buy a house in Ludington?
About $77,500 a year for the typical home with 20% down at 7.11%.