Market Overview
Home Prices in Frederic, MI
The median home value in Frederic, MI is $206,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Frederic are priced50% below average.
Over the past five years, Frederic home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
Frederic Home Price Trend
2020
$123,266
$123K
—
2021
$151,724
$152K
+23.1%
2022
$172,167
$172K
+13.5%
2023
$169,858
$170K
-1.3%
2024
$188,219
$188K
+10.8%
2025
$191,774
$192K
+1.9%
2026
$206,463
$206K
+7.7%
City Comparison
Frederic vs. National Median
🏠 Frederic
$206,463
National Median
$410,000
At $206,463, homes in Frederic cost 50% below the national median of $410,000. This makes Frederic a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Frederic?
20% Down Payment
$41,293
on $206,463
Monthly P&I
$1,077/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,368/mo
incl. taxes & insurance
Income Needed
$54,720
gross annual (30% rule)
10% Down Option
$20,646
+ PMI applies
Loan Amount (20% dn)
$165,170
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 Frederic, MI?
The median home value in Frederic is $206,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Frederic?
Over the past year, home values in Frederic have increased by 7.7%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in Frederic?
To comfortably afford the median home price of $206,463 with a 20% down payment ($41,293) at today's rates (6.8%), you'd need a gross annual income of approximately $54,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Frederic compare to the national average home price?
The national median home value is approximately $410,000. At $206,463, homes in Frederic are 50% below the national average.