Market Overview
Home Prices in Grass Lake, MI
The median home value in Grass Lake, MI is $352,177 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grass Lake are priced14% below average. Grass Lake is part of the Jackson, MI metro area.
Over the past five years, Grass Lake home values have risen by approximately25.6%, reflecting strong long-term appreciation in this market.
Price History
Grass Lake Home Price Trend
City Comparison
Grass Lake vs. National Median
At $352,177, homes in Grass Lake cost 14% below the national median of $410,000. This makes Grass Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grass Lake?
20% Down Payment
$70,435
on $352,177
Monthly P&I
$1,837/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,333/mo
incl. taxes & insurance
Income Needed
$93,320
gross annual (30% rule)
10% Down Option
$35,218
+ PMI applies
Loan Amount (20% dn)
$281,742
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 Grass Lake, MI?
The median home value in Grass Lake is $352,177 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Grass Lake?
Over the past year, home values in Grass Lake have increased by 4.4%. Over five years, prices have risen approximately 25.6%.
How much do I need to earn to buy a home in Grass Lake?
To comfortably afford the median home price of $352,177 with a 20% down payment ($70,435) at today's rates (6.8%), you'd need a gross annual income of approximately $93,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Grass Lake compare to the national average home price?
The national median home value is approximately $410,000. At $352,177, homes in Grass Lake are 14% below the national average.
What metro area is Grass Lake part of?
Grass Lake is part of the Jackson, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.