Market Overview
Home Prices in Ludington, MI
The median home value in Ludington, MI is $308,765 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ludington are priced25% below average. Ludington is part of the Ludington, MI metro area.
Over the past five years, Ludington home values have risen by approximately23.2%, reflecting strong long-term appreciation in this market.
Price History
Ludington Home Price Trend
City Comparison
Ludington vs. National Median
At $308,765, homes in Ludington cost 25% below the national median of $410,000. This makes Ludington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ludington?
20% Down Payment
$61,753
on $308,765
Monthly P&I
$1,610/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,045/mo
incl. taxes & insurance
Income Needed
$81,800
gross annual (30% rule)
10% Down Option
$30,877
+ PMI applies
Loan Amount (20% dn)
$247,012
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 Ludington, MI?
The median home value in Ludington is $308,765 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Ludington?
Over the past year, home values in Ludington have increased by 7%. Over five years, prices have risen approximately 23.2%.
How much do I need to earn to buy a home in Ludington?
To comfortably afford the median home price of $308,765 with a 20% down payment ($61,753) at today's rates (6.8%), you'd need a gross annual income of approximately $81,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Ludington compare to the national average home price?
The national median home value is approximately $410,000. At $308,765, homes in Ludington are 25% below the national average.
What metro area is Ludington part of?
Ludington is part of the Ludington, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.