Market Overview
Home Prices in Hersey, MI
The median home value in Hersey, MI is $204,366 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.8% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hersey are priced50% below average. Hersey is part of the Big Rapids, MI metro area.
Over the past five years, Hersey home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Hersey Home Price Trend
City Comparison
Hersey vs. National Median
At $204,366, homes in Hersey cost 50% below the national median of $410,000. This makes Hersey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hersey?
20% Down Payment
$40,873
on $204,366
Monthly P&I
$1,066/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,354/mo
incl. taxes & insurance
Income Needed
$54,160
gross annual (30% rule)
10% Down Option
$20,437
+ PMI applies
Loan Amount (20% dn)
$163,493
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 Hersey, MI?
The median home value in Hersey is $204,366 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.8% year-over-year.
How much have home prices changed in Hersey?
Over the past year, home values in Hersey have increased by 8.8%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Hersey?
To comfortably afford the median home price of $204,366 with a 20% down payment ($40,873) at today's rates (6.8%), you'd need a gross annual income of approximately $54,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Hersey compare to the national average home price?
The national median home value is approximately $410,000. At $204,366, homes in Hersey are 50% below the national average.
What metro area is Hersey part of?
Hersey is part of the Big Rapids, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.