Market Overview
Home Prices in Felch, MI
The median home value in Felch, MI is $184,893 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Felch are priced55% below average. Felch is part of the Iron Mountain, MI-WI metro area.
Over the past five years, Felch home values have risen by approximately5.1%, reflecting steady appreciation in this market.
Price History
Felch Home Price Trend
2020
$169,580
$170K
—
2021
$175,923
$176K
+3.7%
2022
$172,514
$173K
-1.9%
2023
$177,497
$177K
+2.9%
2024
$176,457
$176K
-0.6%
2025
$181,926
$182K
+3.1%
2026
$184,893
$185K
+1.6%
City Comparison
Felch vs. National Median
🏠 Felch
$184,893
National Median
$410,000
At $184,893, homes in Felch cost 55% below the national median of $410,000. This makes Felch a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Felch?
20% Down Payment
$36,979
on $184,893
Monthly P&I
$964/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,224/mo
incl. taxes & insurance
Income Needed
$48,960
gross annual (30% rule)
10% Down Option
$18,489
+ PMI applies
Loan Amount (20% dn)
$147,914
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 Felch, MI?
The median home value in Felch is $184,893 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Felch?
Over the past year, home values in Felch have increased by 1.6%. Over five years, prices have risen approximately 5.1%.
How much do I need to earn to buy a home in Felch?
To comfortably afford the median home price of $184,893 with a 20% down payment ($36,979) at today's rates (6.8%), you'd need a gross annual income of approximately $48,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Felch compare to the national average home price?
The national median home value is approximately $410,000. At $184,893, homes in Felch are 55% below the national average.
What metro area is Felch part of?
Felch is part of the Iron Mountain, MI-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.