Market Overview
Home Prices in Caledonia, MI
The median home value in Caledonia, MI is $473,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Caledonia are priced16% above average. Caledonia is part of the Grand Rapids-Kentwood, MI metro area.
Over the past five years, Caledonia home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Caledonia Home Price Trend
City Comparison
Caledonia vs. National Median
At $473,599, homes in Caledonia cost 16% above the national median of $410,000. Buyers in Caledonia should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Caledonia?
20% Down Payment
$94,720
on $473,599
Monthly P&I
$2,470/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,137/mo
incl. taxes & insurance
Income Needed
$125,480
gross annual (30% rule)
10% Down Option
$47,360
+ PMI applies
Loan Amount (20% dn)
$378,879
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 Caledonia, MI?
The median home value in Caledonia is $473,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Caledonia?
Over the past year, home values in Caledonia have increased by 4.4%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Caledonia?
To comfortably afford the median home price of $473,599 with a 20% down payment ($94,720) at today's rates (6.8%), you'd need a gross annual income of approximately $125,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Caledonia compare to the national average home price?
The national median home value is approximately $410,000. At $473,599, homes in Caledonia are 16% above the national average.
What metro area is Caledonia part of?
Caledonia is part of the Grand Rapids-Kentwood, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.