Market Overview
Home Prices in Benzonia, MI
The median home value in Benzonia, MI is $341,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Benzonia are priced17% below average. Benzonia is part of the Traverse City, MI metro area.
Over the past five years, Benzonia home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Benzonia Home Price Trend
City Comparison
Benzonia vs. National Median
At $341,743, homes in Benzonia cost 17% below the national median of $410,000. This makes Benzonia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Benzonia?
20% Down Payment
$68,349
on $341,743
Monthly P&I
$1,782/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,263/mo
incl. taxes & insurance
Income Needed
$90,520
gross annual (30% rule)
10% Down Option
$34,174
+ PMI applies
Loan Amount (20% dn)
$273,394
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 Benzonia, MI?
The median home value in Benzonia is $341,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Benzonia?
Over the past year, home values in Benzonia have increased by 3.8%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Benzonia?
To comfortably afford the median home price of $341,743 with a 20% down payment ($68,349) at today's rates (6.8%), you'd need a gross annual income of approximately $90,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Benzonia compare to the national average home price?
The national median home value is approximately $410,000. At $341,743, homes in Benzonia are 17% below the national average.
What metro area is Benzonia part of?
Benzonia is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.