Market Overview
Home Prices in Harbor Springs, MI
The median home value in Harbor Springs, MI is $578,523 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.9% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Harbor Springs are priced41% above average.
Over the past five years, Harbor Springs home values have risen by approximately36.2%, reflecting strong long-term appreciation in this market.
Price History
Harbor Springs Home Price Trend
City Comparison
Harbor Springs vs. National Median
At $578,523, homes in Harbor Springs cost 41% above the national median of $410,000. Buyers in Harbor Springs should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Harbor Springs?
20% Down Payment
$115,705
on $578,523
Monthly P&I
$3,017/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,832/mo
incl. taxes & insurance
Income Needed
$153,280
gross annual (30% rule)
10% Down Option
$57,852
+ PMI applies
Loan Amount (20% dn)
$462,818
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 Harbor Springs, MI?
The median home value in Harbor Springs is $578,523 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.9% year-over-year.
How much have home prices changed in Harbor Springs?
Over the past year, home values in Harbor Springs have increased by 9.9%. Over five years, prices have risen approximately 36.2%.
How much do I need to earn to buy a home in Harbor Springs?
To comfortably afford the median home price of $578,523 with a 20% down payment ($115,705) at today's rates (6.8%), you'd need a gross annual income of approximately $153,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Harbor Springs compare to the national average home price?
The national median home value is approximately $410,000. At $578,523, homes in Harbor Springs are 41% above the national average.