Market Overview
Home Prices in Albion, MI
The median home value in Albion, MI is $142,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Albion are priced65% below average. Albion is part of the Battle Creek, MI metro area.
Over the past five years, Albion home values have risen by approximately20.4%, reflecting strong long-term appreciation in this market.
Price History
Albion Home Price Trend
City Comparison
Albion vs. National Median
At $142,998, homes in Albion cost 65% below the national median of $410,000. This makes Albion a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Albion?
20% Down Payment
$28,600
on $142,998
Monthly P&I
$746/mo
30-yr @ 6.8%
Total Monthly Est.
~$947/mo
incl. taxes & insurance
Income Needed
$37,880
gross annual (30% rule)
10% Down Option
$14,300
+ PMI applies
Loan Amount (20% dn)
$114,398
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Albion, MI?
The median home value in Albion is $142,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Albion?
Over the past year, home values in Albion have increased by 0.1%. Over five years, prices have risen approximately 20.4%.
How much do I need to earn to buy a home in Albion?
To comfortably afford the median home price of $142,998 with a 20% down payment ($28,600) at today's rates (6.8%), you'd need a gross annual income of approximately $37,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Albion compare to the national average home price?
The national median home value is approximately $410,000. At $142,998, homes in Albion are 65% below the national average.
What metro area is Albion part of?
Albion is part of the Battle Creek, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.