Niles, MI home prices
Typical home $281,191 · +7.0% in a year · income needed $81,800
The Niles, MI metro area ranks 363 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.0% in a year and +29.2% over five years. With 20% down at 7.11%, the typical home costs about $1,908 a month including 1.08% property tax (Berrien County rate).
Mortgage on the typical Niles home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,238 | $224,953 | $1,513 | $0 | $394 | $1,908 | $81,800 |
| 10% down | $28,119 | $253,072 | $1,702 | $105 | $394 | $2,202 | $94,400 |
| 5% down | $14,060 | $267,131 | $1,797 | $111 | $394 | $2,303 | $98,700 |
| 3.5% down (FHA) | $9,842 | $276,098 | $1,857 | $124 | $394 | $2,376 | $101,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.08% 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 Niles area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Berrien County, MI | $281,193 | +7.0% | 1.08% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Niles?
The typical home in the Niles, MI metro area is worth $281,191 (Zillow, September 2026).
What salary do you need to buy a house in Niles?
About $81,800 a year for the typical home with 20% down at 7.11%.