Market Overview
Home Prices in Hessel, MI
The median home value in Hessel, MI is $218,641 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.4% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hessel are priced47% below average.
Over the past five years, Hessel home values have risen by approximately36.0%, reflecting strong long-term appreciation in this market.
Price History
Hessel Home Price Trend
2020
$138,098
$138K
—
2021
$160,769
$161K
+16.4%
2022
$172,948
$173K
+7.6%
2023
$177,579
$178K
+2.7%
2024
$188,446
$188K
+6.1%
2025
$197,979
$198K
+5.1%
2026
$218,641
$219K
+10.4%
City Comparison
Hessel vs. National Median
🏠 Hessel
$218,641
National Median
$410,000
At $218,641, homes in Hessel cost 47% below the national median of $410,000. This makes Hessel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hessel?
20% Down Payment
$43,728
on $218,641
Monthly P&I
$1,140/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,448/mo
incl. taxes & insurance
Income Needed
$57,920
gross annual (30% rule)
10% Down Option
$21,864
+ PMI applies
Loan Amount (20% dn)
$174,913
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 Hessel, MI?
The median home value in Hessel is $218,641 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.4% year-over-year.
How much have home prices changed in Hessel?
Over the past year, home values in Hessel have increased by 10.4%. Over five years, prices have risen approximately 36.0%.
How much do I need to earn to buy a home in Hessel?
To comfortably afford the median home price of $218,641 with a 20% down payment ($43,728) at today's rates (6.8%), you'd need a gross annual income of approximately $57,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Hessel compare to the national average home price?
The national median home value is approximately $410,000. At $218,641, homes in Hessel are 47% below the national average.