Market Overview
Home Prices in Kalkaska, MI
The median home value in Kalkaska, MI is $213,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.9% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kalkaska are priced48% below average. Kalkaska is part of the Traverse City, MI metro area.
Over the past five years, Kalkaska home values have risen by approximately20.6%, reflecting strong long-term appreciation in this market.
Price History
Kalkaska Home Price Trend
City Comparison
Kalkaska vs. National Median
At $213,626, homes in Kalkaska cost 48% below the national median of $410,000. This makes Kalkaska a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kalkaska?
20% Down Payment
$42,725
on $213,626
Monthly P&I
$1,114/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,415/mo
incl. taxes & insurance
Income Needed
$56,600
gross annual (30% rule)
10% Down Option
$21,363
+ PMI applies
Loan Amount (20% dn)
$170,901
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 Kalkaska, MI?
The median home value in Kalkaska is $213,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.9% year-over-year.
How much have home prices changed in Kalkaska?
Over the past year, home values in Kalkaska have decreased by 3.9%. Over five years, prices have risen approximately 20.6%.
How much do I need to earn to buy a home in Kalkaska?
To comfortably afford the median home price of $213,626 with a 20% down payment ($42,725) at today's rates (6.8%), you'd need a gross annual income of approximately $56,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Kalkaska compare to the national average home price?
The national median home value is approximately $410,000. At $213,626, homes in Kalkaska are 48% below the national average.
What metro area is Kalkaska part of?
Kalkaska is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.