Market Overview
Home Prices in Boyne City, MI
The median home value in Boyne City, MI is $425,268 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boyne City are priced4% above average.
Over the past five years, Boyne City home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Boyne City Home Price Trend
2020
$258,834
$259K
—
2021
$310,601
$311K
+20.0%
2022
$368,482
$368K
+18.6%
2023
$379,884
$380K
+3.1%
2024
$398,270
$398K
+4.8%
2025
$414,870
$415K
+4.2%
2026
$425,268
$425K
+2.5%
City Comparison
Boyne City vs. National Median
🏠 Boyne City
$425,268
National Median
$410,000
At $425,268, homes in Boyne City cost 4% above the national median of $410,000. Buyers in Boyne City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Boyne City?
20% Down Payment
$85,054
on $425,268
Monthly P&I
$2,218/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,817/mo
incl. taxes & insurance
Income Needed
$112,680
gross annual (30% rule)
10% Down Option
$42,527
+ PMI applies
Loan Amount (20% dn)
$340,214
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 Boyne City, MI?
The median home value in Boyne City is $425,268 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Boyne City?
Over the past year, home values in Boyne City have increased by 2.5%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Boyne City?
To comfortably afford the median home price of $425,268 with a 20% down payment ($85,054) at today's rates (6.8%), you'd need a gross annual income of approximately $112,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Boyne City compare to the national average home price?
The national median home value is approximately $410,000. At $425,268, homes in Boyne City are 4% above the national average.