Market Overview
Home Prices in Black River, MI
The median home value in Black River, MI is $225,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Black River are priced45% below average.
Over the past five years, Black River home values have risen by approximately15.5%, reflecting steady appreciation in this market.
Price History
Black River Home Price Trend
2020
$201,713
$202K
—
2021
$195,106
$195K
-3.3%
2022
$211,431
$211K
+8.4%
2023
$213,668
$214K
+1.1%
2024
$204,519
$205K
-4.3%
2025
$213,478
$213K
+4.4%
2026
$225,432
$225K
+5.6%
City Comparison
Black River vs. National Median
🏠 Black River
$225,432
National Median
$410,000
At $225,432, homes in Black River cost 45% below the national median of $410,000. This makes Black River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Black River?
20% Down Payment
$45,086
on $225,432
Monthly P&I
$1,176/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,494/mo
incl. taxes & insurance
Income Needed
$59,760
gross annual (30% rule)
10% Down Option
$22,543
+ PMI applies
Loan Amount (20% dn)
$180,346
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 Black River, MI?
The median home value in Black River is $225,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Black River?
Over the past year, home values in Black River have increased by 5.6%. Over five years, prices have risen approximately 15.5%.
How much do I need to earn to buy a home in Black River?
To comfortably afford the median home price of $225,432 with a 20% down payment ($45,086) at today's rates (6.8%), you'd need a gross annual income of approximately $59,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Black River compare to the national average home price?
The national median home value is approximately $410,000. At $225,432, homes in Black River are 45% below the national average.