Market Overview
Home Prices in Arcadia, MI
The median home value in Arcadia, MI is $421,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.4% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arcadia are priced3% above average. Arcadia is part of the Traverse City, MI metro area.
Over the past five years, Arcadia home values have risen by approximately34.5%, reflecting strong long-term appreciation in this market.
Price History
Arcadia Home Price Trend
City Comparison
Arcadia vs. National Median
At $421,555, homes in Arcadia cost 3% above the national median of $410,000. Buyers in Arcadia should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Arcadia?
20% Down Payment
$84,311
on $421,555
Monthly P&I
$2,199/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,793/mo
incl. taxes & insurance
Income Needed
$111,720
gross annual (30% rule)
10% Down Option
$42,156
+ PMI applies
Loan Amount (20% dn)
$337,244
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 Arcadia, MI?
The median home value in Arcadia is $421,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.4% year-over-year.
How much have home prices changed in Arcadia?
Over the past year, home values in Arcadia have increased by 14.4%. Over five years, prices have risen approximately 34.5%.
How much do I need to earn to buy a home in Arcadia?
To comfortably afford the median home price of $421,555 with a 20% down payment ($84,311) at today's rates (6.8%), you'd need a gross annual income of approximately $111,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Arcadia compare to the national average home price?
The national median home value is approximately $410,000. At $421,555, homes in Arcadia are 3% above the national average.
What metro area is Arcadia part of?
Arcadia is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.