Market Overview
Home Prices in Grawn, MI
The median home value in Grawn, MI is $346,118 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grawn are priced16% below average. Grawn is part of the Traverse City, MI metro area.
Over the past five years, Grawn home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Grawn Home Price Trend
2020
$196,746
$197K
—
2021
$256,468
$256K
+30.4%
2022
$291,434
$291K
+13.6%
2023
$304,252
$304K
+4.4%
2024
$323,438
$323K
+6.3%
2025
$332,835
$333K
+2.9%
2026
$346,118
$346K
+4.0%
City Comparison
Grawn vs. National Median
🏠 Grawn
$346,118
National Median
$410,000
At $346,118, homes in Grawn cost 16% below the national median of $410,000. This makes Grawn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grawn?
20% Down Payment
$69,224
on $346,118
Monthly P&I
$1,805/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,292/mo
incl. taxes & insurance
Income Needed
$91,680
gross annual (30% rule)
10% Down Option
$34,612
+ PMI applies
Loan Amount (20% dn)
$276,894
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 Grawn, MI?
The median home value in Grawn is $346,118 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Grawn?
Over the past year, home values in Grawn have increased by 4%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Grawn?
To comfortably afford the median home price of $346,118 with a 20% down payment ($69,224) at today's rates (6.8%), you'd need a gross annual income of approximately $91,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Grawn compare to the national average home price?
The national median home value is approximately $410,000. At $346,118, homes in Grawn are 16% below the national average.
What metro area is Grawn part of?
Grawn is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.