Market Overview
Home Prices in Essexville, MI
The median home value in Essexville, MI is $167,772 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Essexville are priced59% below average. Essexville is part of the Bay City, MI metro area.
Over the past five years, Essexville home values have risen by approximately40.2%, reflecting strong long-term appreciation in this market.
Price History
Essexville Home Price Trend
City Comparison
Essexville vs. National Median
At $167,772, homes in Essexville cost 59% below the national median of $410,000. This makes Essexville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Essexville?
20% Down Payment
$33,554
on $167,772
Monthly P&I
$875/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,111/mo
incl. taxes & insurance
Income Needed
$44,440
gross annual (30% rule)
10% Down Option
$16,777
+ PMI applies
Loan Amount (20% dn)
$134,218
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 Essexville, MI?
The median home value in Essexville is $167,772 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Essexville?
Over the past year, home values in Essexville have increased by 5.5%. Over five years, prices have risen approximately 40.2%.
How much do I need to earn to buy a home in Essexville?
To comfortably afford the median home price of $167,772 with a 20% down payment ($33,554) at today's rates (6.8%), you'd need a gross annual income of approximately $44,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Essexville compare to the national average home price?
The national median home value is approximately $410,000. At $167,772, homes in Essexville are 59% below the national average.
What metro area is Essexville part of?
Essexville is part of the Bay City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.