Market Overview
Home Prices in Gowen, MI
The median home value in Gowen, MI is $312,979 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gowen are priced24% below average. Gowen is part of the Grand Rapids-Kentwood, MI metro area.
Over the past five years, Gowen home values have risen by approximately23.8%, reflecting strong long-term appreciation in this market.
Price History
Gowen Home Price Trend
City Comparison
Gowen vs. National Median
At $312,979, homes in Gowen cost 24% below the national median of $410,000. This makes Gowen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gowen?
20% Down Payment
$62,596
on $312,979
Monthly P&I
$1,632/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,073/mo
incl. taxes & insurance
Income Needed
$82,920
gross annual (30% rule)
10% Down Option
$31,298
+ PMI applies
Loan Amount (20% dn)
$250,383
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 Gowen, MI?
The median home value in Gowen is $312,979 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Gowen?
Over the past year, home values in Gowen have increased by 5.9%. Over five years, prices have risen approximately 23.8%.
How much do I need to earn to buy a home in Gowen?
To comfortably afford the median home price of $312,979 with a 20% down payment ($62,596) at today's rates (6.8%), you'd need a gross annual income of approximately $82,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Gowen compare to the national average home price?
The national median home value is approximately $410,000. At $312,979, homes in Gowen are 24% below the national average.
What metro area is Gowen part of?
Gowen is part of the Grand Rapids-Kentwood, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.