Michigan City, IN home prices
Typical home $258,619 · +4.4% in a year · income needed $72,300
The Michigan City, IN metro area ranks 422 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.4% in a year and +35.0% over five years. With 20% down at 7.11%, the typical home costs about $1,687 a month including 0.77% property tax (La Porte County rate).
Mortgage on the typical Michigan City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,724 | $206,895 | $1,392 | $0 | $295 | $1,687 | $72,300 |
| 10% down | $25,862 | $232,757 | $1,566 | $97 | $295 | $1,958 | $83,900 |
| 5% down | $12,931 | $245,688 | $1,653 | $102 | $295 | $2,050 | $87,900 |
| 3.5% down (FHA) | $9,052 | $253,935 | $1,708 | $114 | $295 | $2,118 | $90,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.77% 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 Michigan City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| La Porte County, IN | $258,616 | +4.3% | 0.77% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Michigan City?
The typical home in the Michigan City, IN metro area is worth $258,619 (Zillow, September 2026).
What salary do you need to buy a house in Michigan City?
About $72,300 a year for the typical home with 20% down at 7.11%.