Market Overview
Home Prices in Emmett, MI
The median home value in Emmett, MI is $336,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Emmett are priced18% below average. Emmett is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Emmett home values have risen by approximately21.8%, reflecting strong long-term appreciation in this market.
Price History
Emmett Home Price Trend
City Comparison
Emmett vs. National Median
At $336,173, homes in Emmett cost 18% below the national median of $410,000. This makes Emmett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Emmett?
20% Down Payment
$67,235
on $336,173
Monthly P&I
$1,753/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,226/mo
incl. taxes & insurance
Income Needed
$89,040
gross annual (30% rule)
10% Down Option
$33,617
+ PMI applies
Loan Amount (20% dn)
$268,938
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 Emmett, MI?
The median home value in Emmett is $336,173 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Emmett?
Over the past year, home values in Emmett have increased by 5.8%. Over five years, prices have risen approximately 21.8%.
How much do I need to earn to buy a home in Emmett?
To comfortably afford the median home price of $336,173 with a 20% down payment ($67,235) at today's rates (6.8%), you'd need a gross annual income of approximately $89,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Emmett compare to the national average home price?
The national median home value is approximately $410,000. At $336,173, homes in Emmett are 18% below the national average.
What metro area is Emmett part of?
Emmett is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.