Market Overview
Home Prices in Fairgrove, MI
The median home value in Fairgrove, MI is $157,845 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 9.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairgrove are priced62% below average.
Over the past five years, Fairgrove home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Fairgrove Home Price Trend
2020
$104,450
$104K
—
2021
$126,855
$127K
+21.5%
2022
$138,403
$138K
+9.1%
2023
$138,077
$138K
-0.2%
2024
$135,764
$136K
-1.7%
2025
$149,058
$149K
+9.8%
2026
$157,845
$158K
+5.9%
City Comparison
Fairgrove vs. National Median
🏠 Fairgrove
$157,845
National Median
$410,000
At $157,845, homes in Fairgrove cost 62% below the national median of $410,000. This makes Fairgrove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairgrove?
20% Down Payment
$31,569
on $157,845
Monthly P&I
$823/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,045/mo
incl. taxes & insurance
Income Needed
$41,800
gross annual (30% rule)
10% Down Option
$15,785
+ PMI applies
Loan Amount (20% dn)
$126,276
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 Fairgrove, MI?
The median home value in Fairgrove is $157,845 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Fairgrove?
Over the past year, home values in Fairgrove have increased by 5.9%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Fairgrove?
To comfortably afford the median home price of $157,845 with a 20% down payment ($31,569) at today's rates (6.8%), you'd need a gross annual income of approximately $41,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairgrove compare to the national average home price?
The national median home value is approximately $410,000. At $157,845, homes in Fairgrove are 62% below the national average.