Market Overview
Home Prices in Lachine, MI
The median home value in Lachine, MI is $220,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 6.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lachine are priced46% below average. Lachine is part of the Alpena, MI metro area.
Over the past five years, Lachine home values have risen by approximately41.5%, reflecting strong long-term appreciation in this market.
Price History
Lachine Home Price Trend
City Comparison
Lachine vs. National Median
At $220,960, homes in Lachine cost 46% below the national median of $410,000. This makes Lachine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lachine?
20% Down Payment
$44,192
on $220,960
Monthly P&I
$1,152/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,463/mo
incl. taxes & insurance
Income Needed
$58,520
gross annual (30% rule)
10% Down Option
$22,096
+ PMI applies
Loan Amount (20% dn)
$176,768
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 Lachine, MI?
The median home value in Lachine is $220,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Lachine?
Over the past year, home values in Lachine have increased by 7.1%. Over five years, prices have risen approximately 41.5%.
How much do I need to earn to buy a home in Lachine?
To comfortably afford the median home price of $220,960 with a 20% down payment ($44,192) at today's rates (6.8%), you'd need a gross annual income of approximately $58,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Lachine compare to the national average home price?
The national median home value is approximately $410,000. At $220,960, homes in Lachine are 46% below the national average.
What metro area is Lachine part of?
Lachine is part of the Alpena, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.