Market Overview
Home Prices in Baldwin, MI
The median home value in Baldwin, MI is $152,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.4% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Baldwin are priced63% below average.
Over the past five years, Baldwin home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Baldwin Home Price Trend
2020
$119,609
$120K
—
2021
$113,025
$113K
-5.5%
2022
$126,414
$126K
+11.8%
2023
$123,478
$123K
-2.3%
2024
$133,545
$134K
+8.2%
2025
$137,281
$137K
+2.8%
2026
$152,936
$153K
+11.4%
City Comparison
Baldwin vs. National Median
🏠 Baldwin
$152,936
National Median
$410,000
At $152,936, homes in Baldwin cost 63% below the national median of $410,000. This makes Baldwin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Baldwin?
20% Down Payment
$30,587
on $152,936
Monthly P&I
$798/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,013/mo
incl. taxes & insurance
Income Needed
$40,520
gross annual (30% rule)
10% Down Option
$15,294
+ PMI applies
Loan Amount (20% dn)
$122,349
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 Baldwin, MI?
The median home value in Baldwin is $152,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.4% year-over-year.
How much have home prices changed in Baldwin?
Over the past year, home values in Baldwin have increased by 11.4%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Baldwin?
To comfortably afford the median home price of $152,936 with a 20% down payment ($30,587) at today's rates (6.8%), you'd need a gross annual income of approximately $40,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Baldwin compare to the national average home price?
The national median home value is approximately $410,000. At $152,936, homes in Baldwin are 63% below the national average.