Market Overview
Home Prices in Gladstone, MI
The median home value in Gladstone, MI is $213,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 11.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gladstone are priced48% below average. Gladstone is part of the Escanaba, MI metro area.
Over the past five years, Gladstone home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Gladstone Home Price Trend
City Comparison
Gladstone vs. National Median
At $213,956, homes in Gladstone cost 48% below the national median of $410,000. This makes Gladstone a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gladstone?
20% Down Payment
$42,791
on $213,956
Monthly P&I
$1,116/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,417/mo
incl. taxes & insurance
Income Needed
$56,680
gross annual (30% rule)
10% Down Option
$21,396
+ PMI applies
Loan Amount (20% dn)
$171,165
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 Gladstone, MI?
The median home value in Gladstone is $213,956 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 Gladstone?
Over the past year, home values in Gladstone have increased by 7.9%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Gladstone?
To comfortably afford the median home price of $213,956 with a 20% down payment ($42,791) at today's rates (6.8%), you'd need a gross annual income of approximately $56,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Gladstone compare to the national average home price?
The national median home value is approximately $410,000. At $213,956, homes in Gladstone are 48% below the national average.
What metro area is Gladstone part of?
Gladstone is part of the Escanaba, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.