Market Overview
Home Prices in Lambertville, MI
The median home value in Lambertville, MI is $314,859 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lambertville are priced23% below average. Lambertville is part of the Monroe, MI metro area.
Over the past five years, Lambertville home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Lambertville Home Price Trend
City Comparison
Lambertville vs. National Median
At $314,859, homes in Lambertville cost 23% below the national median of $410,000. This makes Lambertville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lambertville?
20% Down Payment
$62,972
on $314,859
Monthly P&I
$1,642/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,085/mo
incl. taxes & insurance
Income Needed
$83,400
gross annual (30% rule)
10% Down Option
$31,486
+ PMI applies
Loan Amount (20% dn)
$251,887
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 Lambertville, MI?
The median home value in Lambertville is $314,859 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Lambertville?
Over the past year, home values in Lambertville have increased by 5.7%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Lambertville?
To comfortably afford the median home price of $314,859 with a 20% down payment ($62,972) at today's rates (6.8%), you'd need a gross annual income of approximately $83,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Lambertville compare to the national average home price?
The national median home value is approximately $410,000. At $314,859, homes in Lambertville are 23% below the national average.
What metro area is Lambertville part of?
Lambertville is part of the Monroe, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.