Market Overview
Home Prices in Mackinaw City, MI
The median home value in Mackinaw City, MI is $321,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mackinaw City are priced22% below average.
Over the past five years, Mackinaw City home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Mackinaw City Home Price Trend
2020
$209,453
$209K
—
2021
$239,206
$239K
+14.2%
2022
$279,758
$280K
+17.0%
2023
$285,138
$285K
+1.9%
2024
$292,977
$293K
+2.7%
2025
$297,753
$298K
+1.6%
2026
$321,070
$321K
+7.8%
City Comparison
Mackinaw City vs. National Median
🏠 Mackinaw City
$321,070
National Median
$410,000
At $321,070, homes in Mackinaw City cost 22% below the national median of $410,000. This makes Mackinaw City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mackinaw City?
20% Down Payment
$64,214
on $321,070
Monthly P&I
$1,675/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,127/mo
incl. taxes & insurance
Income Needed
$85,080
gross annual (30% rule)
10% Down Option
$32,107
+ PMI applies
Loan Amount (20% dn)
$256,856
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 Mackinaw City, MI?
The median home value in Mackinaw City is $321,070 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Mackinaw City?
Over the past year, home values in Mackinaw City have increased by 7.8%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Mackinaw City?
To comfortably afford the median home price of $321,070 with a 20% down payment ($64,214) at today's rates (6.8%), you'd need a gross annual income of approximately $85,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Mackinaw City compare to the national average home price?
The national median home value is approximately $410,000. At $321,070, homes in Mackinaw City are 22% below the national average.