Market Overview
Home Prices in Gladwin, MI
The median home value in Gladwin, MI is $203,711 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% 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 Gladwin are priced50% below average.
Over the past five years, Gladwin home values have risen by approximately31.9%, reflecting strong long-term appreciation in this market.
Price History
Gladwin Home Price Trend
2020
$134,665
$135K
—
2021
$154,439
$154K
+14.7%
2022
$175,768
$176K
+13.8%
2023
$173,297
$173K
-1.4%
2024
$178,287
$178K
+2.9%
2025
$181,714
$182K
+1.9%
2026
$203,711
$204K
+12.1%
City Comparison
Gladwin vs. National Median
🏠 Gladwin
$203,711
National Median
$410,000
At $203,711, homes in Gladwin cost 50% below the national median of $410,000. This makes Gladwin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gladwin?
20% Down Payment
$40,742
on $203,711
Monthly P&I
$1,062/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,349/mo
incl. taxes & insurance
Income Needed
$53,960
gross annual (30% rule)
10% Down Option
$20,371
+ PMI applies
Loan Amount (20% dn)
$162,969
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 Gladwin, MI?
The median home value in Gladwin is $203,711 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Gladwin?
Over the past year, home values in Gladwin have increased by 12.1%. Over five years, prices have risen approximately 31.9%.
How much do I need to earn to buy a home in Gladwin?
To comfortably afford the median home price of $203,711 with a 20% down payment ($40,742) at today's rates (6.8%), you'd need a gross annual income of approximately $53,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Gladwin compare to the national average home price?
The national median home value is approximately $410,000. At $203,711, homes in Gladwin are 50% below the national average.