Market Overview
Home Prices in Hubbell, MI
The median home value in Hubbell, MI is $129,260 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 10.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hubbell are priced68% below average. Hubbell is part of the Houghton, MI metro area.
Over the past five years, Hubbell home values have risen by approximately42.2%, reflecting strong long-term appreciation in this market.
Price History
Hubbell Home Price Trend
City Comparison
Hubbell vs. National Median
At $129,260, homes in Hubbell cost 68% below the national median of $410,000. This makes Hubbell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hubbell?
20% Down Payment
$25,852
on $129,260
Monthly P&I
$674/mo
30-yr @ 6.8%
Total Monthly Est.
~$856/mo
incl. taxes & insurance
Income Needed
$34,240
gross annual (30% rule)
10% Down Option
$12,926
+ PMI applies
Loan Amount (20% dn)
$103,408
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 Hubbell, MI?
The median home value in Hubbell is $129,260 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Hubbell?
Over the past year, home values in Hubbell have increased by 7.4%. Over five years, prices have risen approximately 42.2%.
How much do I need to earn to buy a home in Hubbell?
To comfortably afford the median home price of $129,260 with a 20% down payment ($25,852) at today's rates (6.8%), you'd need a gross annual income of approximately $34,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Hubbell compare to the national average home price?
The national median home value is approximately $410,000. At $129,260, homes in Hubbell are 68% below the national average.
What metro area is Hubbell part of?
Hubbell is part of the Houghton, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.