Market Overview
Home Prices in Charlevoix, MI
The median home value in Charlevoix, MI is $450,970 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlevoix are priced10% above average.
Over the past five years, Charlevoix home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Charlevoix Home Price Trend
2020
$270,609
$271K
—
2021
$338,159
$338K
+25.0%
2022
$398,920
$399K
+18.0%
2023
$403,688
$404K
+1.2%
2024
$421,531
$422K
+4.4%
2025
$432,865
$433K
+2.7%
2026
$450,970
$451K
+4.2%
City Comparison
Charlevoix vs. National Median
🏠 Charlevoix
$450,970
National Median
$410,000
At $450,970, homes in Charlevoix cost 10% above the national median of $410,000. Buyers in Charlevoix should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Charlevoix?
20% Down Payment
$90,194
on $450,970
Monthly P&I
$2,352/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,987/mo
incl. taxes & insurance
Income Needed
$119,480
gross annual (30% rule)
10% Down Option
$45,097
+ PMI applies
Loan Amount (20% dn)
$360,776
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 Charlevoix, MI?
The median home value in Charlevoix is $450,970 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Charlevoix?
Over the past year, home values in Charlevoix have increased by 4.2%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Charlevoix?
To comfortably afford the median home price of $450,970 with a 20% down payment ($90,194) at today's rates (6.8%), you'd need a gross annual income of approximately $119,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Charlevoix compare to the national average home price?
The national median home value is approximately $410,000. At $450,970, homes in Charlevoix are 10% above the national average.