Market Overview
Home Prices in Imlay City, MI
The median home value in Imlay City, MI is $289,687 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Imlay City are priced29% below average. Imlay City is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Imlay City home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Imlay City Home Price Trend
City Comparison
Imlay City vs. National Median
At $289,687, homes in Imlay City cost 29% below the national median of $410,000. This makes Imlay City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Imlay City?
20% Down Payment
$57,937
on $289,687
Monthly P&I
$1,511/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,919/mo
incl. taxes & insurance
Income Needed
$76,760
gross annual (30% rule)
10% Down Option
$28,969
+ PMI applies
Loan Amount (20% dn)
$231,750
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 Imlay City, MI?
The median home value in Imlay City is $289,687 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Imlay City?
Over the past year, home values in Imlay City have increased by 4.8%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Imlay City?
To comfortably afford the median home price of $289,687 with a 20% down payment ($57,937) at today's rates (6.8%), you'd need a gross annual income of approximately $76,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Imlay City compare to the national average home price?
The national median home value is approximately $410,000. At $289,687, homes in Imlay City are 29% below the national average.
What metro area is Imlay City part of?
Imlay City is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.