Market Overview
Home Prices in Free Soil, MI
The median home value in Free Soil, MI is $271,683 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.6% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Free Soil are priced34% below average. Free Soil is part of the Ludington, MI metro area.
Over the past five years, Free Soil home values have risen by approximately39.5%, reflecting strong long-term appreciation in this market.
Price History
Free Soil Home Price Trend
City Comparison
Free Soil vs. National Median
At $271,683, homes in Free Soil cost 34% below the national median of $410,000. This makes Free Soil a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Free Soil?
20% Down Payment
$54,337
on $271,683
Monthly P&I
$1,417/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,800/mo
incl. taxes & insurance
Income Needed
$72,000
gross annual (30% rule)
10% Down Option
$27,168
+ PMI applies
Loan Amount (20% dn)
$217,346
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 Free Soil, MI?
The median home value in Free Soil is $271,683 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.6% year-over-year.
How much have home prices changed in Free Soil?
Over the past year, home values in Free Soil have increased by 11.6%. Over five years, prices have risen approximately 39.5%.
How much do I need to earn to buy a home in Free Soil?
To comfortably afford the median home price of $271,683 with a 20% down payment ($54,337) at today's rates (6.8%), you'd need a gross annual income of approximately $72,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Free Soil compare to the national average home price?
The national median home value is approximately $410,000. At $271,683, homes in Free Soil are 34% below the national average.
What metro area is Free Soil part of?
Free Soil is part of the Ludington, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.