Market Overview
Home Prices in Gagetown, MI
The median home value in Gagetown, MI is $171,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 10.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gagetown are priced58% below average.
Over the past five years, Gagetown home values have risen by approximately42.0%, reflecting strong long-term appreciation in this market.
Price History
Gagetown Home Price Trend
2020
$105,893
$106K
—
2021
$120,473
$120K
+13.8%
2022
$128,951
$129K
+7.0%
2023
$138,723
$139K
+7.6%
2024
$143,094
$143K
+3.2%
2025
$158,555
$159K
+10.8%
2026
$171,128
$171K
+7.9%
City Comparison
Gagetown vs. National Median
🏠 Gagetown
$171,128
National Median
$410,000
At $171,128, homes in Gagetown cost 58% below the national median of $410,000. This makes Gagetown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gagetown?
20% Down Payment
$34,226
on $171,128
Monthly P&I
$892/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,133/mo
incl. taxes & insurance
Income Needed
$45,320
gross annual (30% rule)
10% Down Option
$17,113
+ PMI applies
Loan Amount (20% dn)
$136,902
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 Gagetown, MI?
The median home value in Gagetown is $171,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Gagetown?
Over the past year, home values in Gagetown have increased by 7.9%. Over five years, prices have risen approximately 42.0%.
How much do I need to earn to buy a home in Gagetown?
To comfortably afford the median home price of $171,128 with a 20% down payment ($34,226) at today's rates (6.8%), you'd need a gross annual income of approximately $45,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Gagetown compare to the national average home price?
The national median home value is approximately $410,000. At $171,128, homes in Gagetown are 58% below the national average.