Market Overview
Home Prices in Hemlock, MI
The median home value in Hemlock, MI is $254,230 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% 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 Hemlock are priced38% below average. Hemlock is part of the Saginaw, MI metro area.
Over the past five years, Hemlock home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Hemlock Home Price Trend
City Comparison
Hemlock vs. National Median
At $254,230, homes in Hemlock cost 38% below the national median of $410,000. This makes Hemlock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hemlock?
20% Down Payment
$50,846
on $254,230
Monthly P&I
$1,326/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,684/mo
incl. taxes & insurance
Income Needed
$67,360
gross annual (30% rule)
10% Down Option
$25,423
+ PMI applies
Loan Amount (20% dn)
$203,384
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 Hemlock, MI?
The median home value in Hemlock is $254,230 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Hemlock?
Over the past year, home values in Hemlock have increased by 5.2%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Hemlock?
To comfortably afford the median home price of $254,230 with a 20% down payment ($50,846) at today's rates (6.8%), you'd need a gross annual income of approximately $67,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Hemlock compare to the national average home price?
The national median home value is approximately $410,000. At $254,230, homes in Hemlock are 38% below the national average.
What metro area is Hemlock part of?
Hemlock is part of the Saginaw, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.