Market Overview
Home Prices in Coral, MI
The median home value in Coral, MI is $246,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.3% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Coral are priced40% below average. Coral is part of the Grand Rapids-Kentwood, MI metro area.
Over the past five years, Coral home values have risen by approximately32.1%, reflecting strong long-term appreciation in this market.
Price History
Coral Home Price Trend
City Comparison
Coral vs. National Median
At $246,148, homes in Coral cost 40% below the national median of $410,000. This makes Coral a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Coral?
20% Down Payment
$49,230
on $246,148
Monthly P&I
$1,284/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,631/mo
incl. taxes & insurance
Income Needed
$65,240
gross annual (30% rule)
10% Down Option
$24,615
+ PMI applies
Loan Amount (20% dn)
$196,918
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 Coral, MI?
The median home value in Coral is $246,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.3% year-over-year.
How much have home prices changed in Coral?
Over the past year, home values in Coral have increased by 14.3%. Over five years, prices have risen approximately 32.1%.
How much do I need to earn to buy a home in Coral?
To comfortably afford the median home price of $246,148 with a 20% down payment ($49,230) at today's rates (6.8%), you'd need a gross annual income of approximately $65,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Coral compare to the national average home price?
The national median home value is approximately $410,000. At $246,148, homes in Coral are 40% below the national average.
What metro area is Coral part of?
Coral is part of the Grand Rapids-Kentwood, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.