Michigan home prices and mortgage costs
Typical home value $263,760 · +3.8% in a year · property tax 1.17%
Typical home value
$263,760
Payment (20% down)
$1,809
Income needed
$77,500
Michigan ranks 40th most expensive of 51 states and D.C. Home values changed +3.8% over the past year and +24.4% over five years. Buying the typical home with 20% down costs about $1,809 a month at 7.11%, which needs a household income of about $77,500.
Cost of the typical Michigan home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,752 | $211,008 | $1,419 | $0 | $390 | $1,809 | $77,500 |
| 10% down | $26,376 | $237,384 | $1,597 | $99 | $390 | $2,086 | $89,400 |
| 5% down | $13,188 | $250,572 | $1,686 | $104 | $390 | $2,180 | $93,400 |
| 3.5% down (FHA) | $9,232 | $258,983 | $1,742 | $117 | $390 | $2,249 | $96,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.17% 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.
Check a specific budget: how much house you can afford in Michigan by salary · payment on a $250K home in Michigan
Home prices by county in Michigan
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Leelanau County | $652,394 | +3.2% | 0.68% | $4,207 | $180,300 |
| Emmet County | $437,678 | +8.5% | 0.83% | $2,879 | $123,400 |
| Grand Traverse County | $417,443 | +2.6% | 0.89% | $2,764 | $118,400 |
| Charlevoix County | $413,637 | +3.5% | 0.9% | $2,743 | $117,600 |
| Washtenaw County | $411,983 | +2.4% | 1.52% | $2,944 | $126,200 |
| Benzie County | $406,697 | +6.8% | 0.79% | $2,660 | $114,000 |
| Livingston County | $402,827 | +2.8% | 0.97% | $2,694 | $115,500 |
| Ottawa County | $397,062 | +4.8% | 1.02% | $2,674 | $114,600 |
| Oakland County | $365,826 | +2.3% | 1.27% | $2,539 | $108,800 |
| Kent County | $353,407 | +4.5% | 1.11% | $2,405 | $103,100 |
| Antrim County | $348,970 | +4.7% | 0.84% | $2,298 | $98,500 |
| Allegan County | $346,459 | +4.1% | 1.08% | $2,349 | $100,700 |
| Clinton County | $314,333 | +4.3% | 1.23% | $2,170 | $93,000 |
| Barry County | $301,131 | +5.0% | 1.05% | $2,034 | $87,200 |
| Lapeer County | $296,879 | +4.5% | 0.92% | $1,974 | $84,600 |
| Berrien County | $281,193 | +7.0% | 1.08% | $1,908 | $81,800 |
| Kalamazoo County | $273,812 | +4.2% | 1.45% | $1,941 | $83,200 |
| Van Buren County | $272,490 | +4.3% | 1.23% | $1,882 | $80,600 |
| Monroe County | $270,412 | +6.1% | 1.16% | $1,851 | $79,300 |
| Macomb County | $267,474 | +1.2% | 1.4% | $1,884 | $80,800 |
| Mason County | $267,052 | +8.1% | 1.06% | $1,807 | $77,500 |
| Cass County | $266,388 | +5.0% | 0.97% | $1,782 | $76,400 |
| Ionia County | $264,748 | +6.3% | 1.13% | $1,806 | $77,400 |
| Marquette County | $262,677 | +8.8% | 0.97% | $1,758 | $75,400 |
| Manistee County | $260,685 | +10.0% | 1.04% | $1,760 | $75,400 |
| Saint Clair County | $259,356 | +4.2% | 1.14% | $1,772 | $75,900 |
| Eaton County | $259,014 | +3.5% | 1.41% | $1,829 | $78,400 |
| Otsego County | $257,304 | +4.0% | 0.8% | $1,685 | $72,200 |
| Muskegon County | $255,234 | +4.3% | 1.18% | $1,753 | $75,100 |
| Oceana County | $253,550 | +6.7% | 1.01% | $1,704 | $73,000 |
| Newaygo County | $253,533 | +8.7% | 1.1% | $1,724 | $73,900 |
| Cheboygan County | $253,004 | +4.8% | 0.89% | $1,675 | $71,800 |
| Midland County | $245,098 | +9.1% | 1.47% | $1,742 | $74,700 |
| Lenawee County | $242,871 | +5.6% | 1.27% | $1,685 | $72,200 |
| Mackinac County | $242,475 | +7.9% | 1.07% | $1,642 | $70,400 |
| Montcalm County | $241,951 | +6.8% | 1.01% | $1,627 | $69,700 |
| Wexford County | $232,555 | +4.4% | 1.13% | $1,587 | $68,000 |
| Isabella County | $229,324 | +7.9% | 1.34% | $1,604 | $68,700 |
| Mecosta County | $229,044 | +7.5% | 0.99% | $1,537 | $65,900 |
| Keweenaw County | $225,166 | +15.1% | 0.99% | $1,511 | $64,800 |
| Kalkaska County | $225,055 | +0.2% | 0.87% | $1,487 | $63,700 |
| Missaukee County | $225,043 | +7.4% | 0.98% | $1,508 | $64,600 |
| Jackson County | $224,556 | +2.6% | 1.26% | $1,556 | $66,700 |
| Ingham County | $223,411 | +2.5% | 1.83% | $1,655 | $70,900 |
| Alger County | $219,882 | +7.8% | 0.94% | $1,465 | $62,800 |
| Saint Joseph County | $219,664 | +4.0% | 1.1% | $1,493 | $64,000 |
| Presque Isle County | $219,214 | +9.5% | 0.95% | $1,462 | $62,700 |
| Hillsdale County | $213,833 | +4.6% | 0.99% | $1,434 | $61,400 |
| Shiawassee County | $213,474 | +5.1% | 1.31% | $1,489 | $63,800 |
| Branch County | $206,792 | +4.6% | 1.16% | $1,416 | $60,700 |
| Delta County | $203,915 | +9.1% | 1.13% | $1,391 | $59,600 |
| Sanilac County | $201,517 | +3.2% | 0.9% | $1,337 | $57,300 |
| Huron County | $201,120 | +4.9% | 1.19% | $1,382 | $59,200 |
| Osceola County | $200,793 | +6.4% | 1.02% | $1,352 | $57,900 |
| Chippewa County | $196,951 | +6.8% | 1.26% | $1,365 | $58,500 |
| Houghton County | $196,480 | +7.6% | 1.16% | $1,346 | $57,700 |
| Schoolcraft County | $195,805 | +10.0% | 0.99% | $1,314 | $56,300 |
| Genesee County | $195,727 | +4.1% | 1.36% | $1,374 | $58,900 |
| Alcona County | $194,373 | +8.1% | 0.82% | $1,277 | $54,700 |
| Alpena County | $193,096 | +8.5% | 1.06% | $1,307 | $56,000 |
| Roscommon County | $191,859 | +0.3% | 1.01% | $1,290 | $55,300 |
| Calhoun County | $190,006 | +3.2% | 1.45% | $1,348 | $57,800 |
| Gladwin County | $187,465 | +10.7% | 1.15% | $1,282 | $55,000 |
| Bay County | $186,141 | +6.5% | 1.49% | $1,326 | $56,800 |
| Tuscola County | $185,735 | +5.6% | 1.21% | $1,280 | $54,900 |
| Menominee County | $184,675 | +5.3% | 1.01% | $1,242 | $53,200 |
| Ogemaw County | $180,468 | +6.0% | 0.95% | $1,204 | $51,600 |
| Dickinson County | $180,433 | +4.4% | 1.27% | $1,252 | $53,600 |
| Gratiot County | $180,252 | +6.2% | 1.24% | $1,246 | $53,400 |
| Crawford County | $179,733 | +3.1% | 1.06% | $1,216 | $52,100 |
| Baraga County | $177,789 | +14.6% | 1.22% | $1,226 | $52,500 |
| Wayne County | $175,631 | +0.8% | 1.63% | $1,271 | $54,500 |
| Saginaw County | $175,096 | +5.4% | 1.49% | $1,248 | $53,500 |
| Montmorency County | $174,570 | +2.5% | 0.86% | $1,152 | $49,400 |
| Iosco County | $172,299 | +4.4% | 0.96% | $1,151 | $49,300 |
| Arenac County | $170,538 | +8.7% | 1.13% | $1,164 | $49,900 |
| Lake County | $165,696 | +7.0% | 1.09% | $1,125 | $48,200 |
| Clare County | $159,525 | +8.8% | 1.11% | $1,086 | $46,600 |
| Iron County | $153,417 | +12.3% | 1.34% | $1,074 | $46,000 |
| Oscoda County | $145,292 | +3.6% | 0.94% | $968 | $41,500 |
| Luce County | $139,950 | +8.0% | 0.98% | $937 | $40,200 |
| Ontonagon County | $134,619 | +13.0% | 1.16% | $922 | $39,500 |
| Gogebic County | $132,435 | +6.4% | 1.43% | $937 | $40,200 |
Metro areas in Michigan
Frequently asked questions
What is the average home price in Michigan?
The typical home in Michigan is worth $263,760 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Michigan?
About $77,500 a year to buy the typical $263,760 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Michigan?
The typical effective rate is 1.17% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).