Market Overview
Home Prices in Jonesville, MI
The median home value in Jonesville, MI is $212,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jonesville are priced48% below average. Jonesville is part of the Hillsdale, MI metro area.
Over the past five years, Jonesville home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Jonesville Home Price Trend
City Comparison
Jonesville vs. National Median
At $212,815, homes in Jonesville cost 48% below the national median of $410,000. This makes Jonesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Jonesville?
20% Down Payment
$42,563
on $212,815
Monthly P&I
$1,110/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,410/mo
incl. taxes & insurance
Income Needed
$56,400
gross annual (30% rule)
10% Down Option
$21,282
+ PMI applies
Loan Amount (20% dn)
$170,252
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 Jonesville, MI?
The median home value in Jonesville is $212,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Jonesville?
Over the past year, home values in Jonesville have increased by 6.2%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Jonesville?
To comfortably afford the median home price of $212,815 with a 20% down payment ($42,563) at today's rates (6.8%), you'd need a gross annual income of approximately $56,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Jonesville compare to the national average home price?
The national median home value is approximately $410,000. At $212,815, homes in Jonesville are 48% below the national average.
What metro area is Jonesville part of?
Jonesville is part of the Hillsdale, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.