Market Overview
Home Prices in Kingsford, MI
The median home value in Kingsford, MI is $157,038 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 7.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kingsford are priced62% below average. Kingsford is part of the Iron Mountain, MI-WI metro area.
Over the past five years, Kingsford home values have risen by approximately44.8%, reflecting strong long-term appreciation in this market.
Price History
Kingsford Home Price Trend
City Comparison
Kingsford vs. National Median
At $157,038, homes in Kingsford cost 62% below the national median of $410,000. This makes Kingsford a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kingsford?
20% Down Payment
$31,408
on $157,038
Monthly P&I
$819/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,040/mo
incl. taxes & insurance
Income Needed
$41,600
gross annual (30% rule)
10% Down Option
$15,704
+ PMI applies
Loan Amount (20% dn)
$125,630
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 Kingsford, MI?
The median home value in Kingsford is $157,038 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Kingsford?
Over the past year, home values in Kingsford have increased by 2.7%. Over five years, prices have risen approximately 44.8%.
How much do I need to earn to buy a home in Kingsford?
To comfortably afford the median home price of $157,038 with a 20% down payment ($31,408) at today's rates (6.8%), you'd need a gross annual income of approximately $41,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Kingsford compare to the national average home price?
The national median home value is approximately $410,000. At $157,038, homes in Kingsford are 62% below the national average.
What metro area is Kingsford part of?
Kingsford is part of the Iron Mountain, MI-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.