Market Overview
Home Prices in Fenton, MI
The median home value in Fenton, MI is $369,840 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fenton are priced10% below average. Fenton is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Fenton home values have risen by approximately23.5%, reflecting strong long-term appreciation in this market.
Price History
Fenton Home Price Trend
City Comparison
Fenton vs. National Median
At $369,840, homes in Fenton cost 10% below the national median of $410,000. This makes Fenton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fenton?
20% Down Payment
$73,968
on $369,840
Monthly P&I
$1,929/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,450/mo
incl. taxes & insurance
Income Needed
$98,000
gross annual (30% rule)
10% Down Option
$36,984
+ PMI applies
Loan Amount (20% dn)
$295,872
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 Fenton, MI?
The median home value in Fenton is $369,840 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Fenton?
Over the past year, home values in Fenton have increased by 3.6%. Over five years, prices have risen approximately 23.5%.
How much do I need to earn to buy a home in Fenton?
To comfortably afford the median home price of $369,840 with a 20% down payment ($73,968) at today's rates (6.8%), you'd need a gross annual income of approximately $98,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Fenton compare to the national average home price?
The national median home value is approximately $410,000. At $369,840, homes in Fenton are 10% below the national average.
What metro area is Fenton part of?
Fenton is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.