Sault Ste. Marie, MI home prices
Typical home $196,996 · +6.8% in a year · income needed $58,500
The Sault Ste. Marie, MI metro area ranks 652 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.8% in a year and +19.5% over five years. With 20% down at 7.11%, the typical home costs about $1,365 a month including 1.26% property tax (Chippewa County rate).
Mortgage on the typical Sault Ste. Marie home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,399 | $157,597 | $1,060 | $0 | $305 | $1,365 | $58,500 |
| 10% down | $19,700 | $177,296 | $1,193 | $74 | $305 | $1,572 | $67,400 |
| 5% down | $9,850 | $187,146 | $1,259 | $78 | $305 | $1,642 | $70,400 |
| 3.5% down (FHA) | $6,895 | $193,428 | $1,301 | $87 | $305 | $1,693 | $72,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.26% 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 Sault Ste. Marie area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chippewa County, MI | $196,951 | +6.8% | 1.26% |
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Frequently asked questions
How much is a house in Sault Ste. Marie?
The typical home in the Sault Ste. Marie, MI metro area is worth $196,996 (Zillow, September 2026).
What salary do you need to buy a house in Sault Ste. Marie?
About $58,500 a year for the typical home with 20% down at 7.11%.