Market Overview
Home Prices in Glen Arbor, MI
The median home value in Glen Arbor, MI is $663,488 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 7.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Glen Arbor are priced62% above average. Glen Arbor is part of the Traverse City, MI metro area.
Over the past five years, Glen Arbor home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Glen Arbor Home Price Trend
City Comparison
Glen Arbor vs. National Median
At $663,488, homes in Glen Arbor cost 62% above the national median of $410,000. Buyers in Glen Arbor should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Glen Arbor?
20% Down Payment
$132,698
on $663,488
Monthly P&I
$3,460/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,394/mo
incl. taxes & insurance
Income Needed
$175,760
gross annual (30% rule)
10% Down Option
$66,349
+ PMI applies
Loan Amount (20% dn)
$530,790
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 Glen Arbor, MI?
The median home value in Glen Arbor is $663,488 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Glen Arbor?
Over the past year, home values in Glen Arbor have increased by 2.5%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Glen Arbor?
To comfortably afford the median home price of $663,488 with a 20% down payment ($132,698) at today's rates (6.8%), you'd need a gross annual income of approximately $175,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Glen Arbor compare to the national average home price?
The national median home value is approximately $410,000. At $663,488, homes in Glen Arbor are 62% above the national average.
What metro area is Glen Arbor part of?
Glen Arbor is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.