Market Overview
Home Prices in Gaylord, MI
The median home value in Gaylord, MI is $272,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gaylord are priced34% below average.
Over the past five years, Gaylord home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Gaylord Home Price Trend
2020
$170,136
$170K
—
2021
$201,435
$201K
+18.4%
2022
$236,212
$236K
+17.3%
2023
$241,498
$241K
+2.2%
2024
$256,520
$257K
+6.2%
2025
$264,279
$264K
+3.0%
2026
$272,001
$272K
+2.9%
City Comparison
Gaylord vs. National Median
🏠 Gaylord
$272,001
National Median
$410,000
At $272,001, homes in Gaylord cost 34% below the national median of $410,000. This makes Gaylord a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gaylord?
20% Down Payment
$54,400
on $272,001
Monthly P&I
$1,419/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,802/mo
incl. taxes & insurance
Income Needed
$72,080
gross annual (30% rule)
10% Down Option
$27,200
+ PMI applies
Loan Amount (20% dn)
$217,601
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 Gaylord, MI?
The median home value in Gaylord is $272,001 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Gaylord?
Over the past year, home values in Gaylord have increased by 2.9%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Gaylord?
To comfortably afford the median home price of $272,001 with a 20% down payment ($54,400) at today's rates (6.8%), you'd need a gross annual income of approximately $72,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Gaylord compare to the national average home price?
The national median home value is approximately $410,000. At $272,001, homes in Gaylord are 34% below the national average.