Market Overview
Home Prices in Boyne Falls, MI
The median home value in Boyne Falls, MI is $384,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boyne Falls are priced6% below average.
Over the past five years, Boyne Falls home values have risen by approximately7.1%, reflecting steady appreciation in this market.
Price History
Boyne Falls Home Price Trend
2020
$301,169
$301K
—
2021
$359,294
$359K
+19.3%
2022
$405,333
$405K
+12.8%
2023
$386,649
$387K
-4.6%
2024
$389,255
$389K
+0.7%
2025
$389,037
$389K
-0.1%
2026
$384,702
$385K
-1.1%
City Comparison
Boyne Falls vs. National Median
🏠 Boyne Falls
$384,702
National Median
$410,000
At $384,702, homes in Boyne Falls cost 6% below the national median of $410,000. This makes Boyne Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Boyne Falls?
20% Down Payment
$76,940
on $384,702
Monthly P&I
$2,006/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,548/mo
incl. taxes & insurance
Income Needed
$101,920
gross annual (30% rule)
10% Down Option
$38,470
+ PMI applies
Loan Amount (20% dn)
$307,762
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 Falls, MI?
The median home value in Boyne Falls is $384,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Boyne Falls?
Over the past year, home values in Boyne Falls have decreased by 1.1%. Over five years, prices have risen approximately 7.1%.
How much do I need to earn to buy a home in Boyne Falls?
To comfortably afford the median home price of $384,702 with a 20% down payment ($76,940) at today's rates (6.8%), you'd need a gross annual income of approximately $101,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Boyne Falls compare to the national average home price?
The national median home value is approximately $410,000. At $384,702, homes in Boyne Falls are 6% below the national average.