Market Overview
Home Prices in Gwinn, MI
The median home value in Gwinn, MI is $199,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gwinn are priced51% below average. Gwinn is part of the Marquette, MI metro area.
Over the past five years, Gwinn home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Gwinn Home Price Trend
2020
$121,153
$121K
—
2021
$145,835
$146K
+20.4%
2022
$164,172
$164K
+12.6%
2023
$167,929
$168K
+2.3%
2024
$172,375
$172K
+2.6%
2025
$183,639
$184K
+6.5%
2026
$199,655
$200K
+8.7%
City Comparison
Gwinn vs. National Median
🏠 Gwinn
$199,655
National Median
$410,000
At $199,655, homes in Gwinn cost 51% below the national median of $410,000. This makes Gwinn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gwinn?
20% Down Payment
$39,931
on $199,655
Monthly P&I
$1,041/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,322/mo
incl. taxes & insurance
Income Needed
$52,880
gross annual (30% rule)
10% Down Option
$19,966
+ PMI applies
Loan Amount (20% dn)
$159,724
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 Gwinn, MI?
The median home value in Gwinn is $199,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Gwinn?
Over the past year, home values in Gwinn have increased by 8.7%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Gwinn?
To comfortably afford the median home price of $199,655 with a 20% down payment ($39,931) at today's rates (6.8%), you'd need a gross annual income of approximately $52,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Gwinn compare to the national average home price?
The national median home value is approximately $410,000. At $199,655, homes in Gwinn are 51% below the national average.
What metro area is Gwinn part of?
Gwinn is part of the Marquette, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.