Market Overview
Home Prices in McMillan, MI
The median home value in McMillan, MI is $173,748 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in McMillan are priced58% below average.
Over the past five years, McMillan home values have risen by approximately4.0%, reflecting modest growth in this market.
Price History
McMillan Home Price Trend
2020
$145,342
$145K
—
2021
$167,083
$167K
+15.0%
2022
$178,717
$179K
+7.0%
2023
$179,396
$179K
+0.4%
2024
$175,336
$175K
-2.3%
2025
$167,646
$168K
-4.4%
2026
$173,748
$174K
+3.6%
City Comparison
McMillan vs. National Median
🏠 McMillan
$173,748
National Median
$410,000
At $173,748, homes in McMillan cost 58% below the national median of $410,000. This makes McMillan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McMillan?
20% Down Payment
$34,750
on $173,748
Monthly P&I
$906/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,151/mo
incl. taxes & insurance
Income Needed
$46,040
gross annual (30% rule)
10% Down Option
$17,375
+ PMI applies
Loan Amount (20% dn)
$138,998
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 McMillan, MI?
The median home value in McMillan is $173,748 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in McMillan?
Over the past year, home values in McMillan have increased by 3.6%. Over five years, prices have risen approximately 4.0%.
How much do I need to earn to buy a home in McMillan?
To comfortably afford the median home price of $173,748 with a 20% down payment ($34,750) at today's rates (6.8%), you'd need a gross annual income of approximately $46,040. This assumes keeping total housing costs at or below 30% of gross income.
How does McMillan compare to the national average home price?
The national median home value is approximately $410,000. At $173,748, homes in McMillan are 58% below the national average.