Market Overview
Home Prices in Mio, MI
The median home value in Mio, MI is $126,654 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mio are priced69% below average.
Over the past five years, Mio home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Mio Home Price Trend
2020
$81,608
$82K
—
2021
$97,983
$98K
+20.1%
2022
$109,953
$110K
+12.2%
2023
$119,444
$119K
+8.6%
2024
$124,992
$125K
+4.6%
2025
$124,599
$125K
-0.3%
2026
$126,654
$127K
+1.6%
City Comparison
Mio vs. National Median
🏠 Mio
$126,654
National Median
$410,000
At $126,654, homes in Mio cost 69% below the national median of $410,000. This makes Mio a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mio?
20% Down Payment
$25,331
on $126,654
Monthly P&I
$661/mo
30-yr @ 6.8%
Total Monthly Est.
~$839/mo
incl. taxes & insurance
Income Needed
$33,560
gross annual (30% rule)
10% Down Option
$12,665
+ PMI applies
Loan Amount (20% dn)
$101,323
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 Mio, MI?
The median home value in Mio is $126,654 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Mio?
Over the past year, home values in Mio have increased by 1.6%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Mio?
To comfortably afford the median home price of $126,654 with a 20% down payment ($25,331) at today's rates (6.8%), you'd need a gross annual income of approximately $33,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Mio compare to the national average home price?
The national median home value is approximately $410,000. At $126,654, homes in Mio are 69% below the national average.