Market Overview
Home Prices in Bark River, MI
The median home value in Bark River, MI is $222,428 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bark River are priced46% below average. Bark River is part of the Escanaba, MI metro area.
Over the past five years, Bark River home values have risen by approximately22.7%, reflecting strong long-term appreciation in this market.
Price History
Bark River Home Price Trend
City Comparison
Bark River vs. National Median
At $222,428, homes in Bark River cost 46% below the national median of $410,000. This makes Bark River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bark River?
20% Down Payment
$44,486
on $222,428
Monthly P&I
$1,160/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,473/mo
incl. taxes & insurance
Income Needed
$58,920
gross annual (30% rule)
10% Down Option
$22,243
+ PMI applies
Loan Amount (20% dn)
$177,942
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 Bark River, MI?
The median home value in Bark River is $222,428 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Bark River?
Over the past year, home values in Bark River have increased by 7.5%. Over five years, prices have risen approximately 22.7%.
How much do I need to earn to buy a home in Bark River?
To comfortably afford the median home price of $222,428 with a 20% down payment ($44,486) at today's rates (6.8%), you'd need a gross annual income of approximately $58,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Bark River compare to the national average home price?
The national median home value is approximately $410,000. At $222,428, homes in Bark River are 46% below the national average.
What metro area is Bark River part of?
Bark River is part of the Escanaba, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.