Market Overview
Home Prices in Kincheloe, MI
The median home value in Kincheloe, MI is $114,942 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 21% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kincheloe are priced72% below average. Kincheloe is part of the Sault Ste. Marie, MI metro area.
Over the past five years, Kincheloe home values have risen by approximately40.9%, reflecting strong long-term appreciation in this market.
Price History
Kincheloe Home Price Trend
City Comparison
Kincheloe vs. National Median
At $114,942, homes in Kincheloe cost 72% below the national median of $410,000. This makes Kincheloe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kincheloe?
20% Down Payment
$22,988
on $114,942
Monthly P&I
$599/mo
30-yr @ 6.8%
Total Monthly Est.
~$761/mo
incl. taxes & insurance
Income Needed
$30,440
gross annual (30% rule)
10% Down Option
$11,494
+ PMI applies
Loan Amount (20% dn)
$91,954
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 Kincheloe, MI?
The median home value in Kincheloe is $114,942 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Kincheloe?
Over the past year, home values in Kincheloe have increased by 5%. Over five years, prices have risen approximately 40.9%.
How much do I need to earn to buy a home in Kincheloe?
To comfortably afford the median home price of $114,942 with a 20% down payment ($22,988) at today's rates (6.8%), you'd need a gross annual income of approximately $30,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Kincheloe compare to the national average home price?
The national median home value is approximately $410,000. At $114,942, homes in Kincheloe are 72% below the national average.
What metro area is Kincheloe part of?
Kincheloe is part of the Sault Ste. Marie, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.