Market Overview
Home Prices in Mohawk, MI
The median home value in Mohawk, MI is $224,773 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mohawk are priced45% below average. Mohawk is part of the Houghton, MI metro area.
Over the past five years, Mohawk home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
Mohawk Home Price Trend
City Comparison
Mohawk vs. National Median
At $224,773, homes in Mohawk cost 45% below the national median of $410,000. This makes Mohawk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mohawk?
20% Down Payment
$44,955
on $224,773
Monthly P&I
$1,172/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,488/mo
incl. taxes & insurance
Income Needed
$59,520
gross annual (30% rule)
10% Down Option
$22,477
+ PMI applies
Loan Amount (20% dn)
$179,818
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 Mohawk, MI?
The median home value in Mohawk is $224,773 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13% year-over-year.
How much have home prices changed in Mohawk?
Over the past year, home values in Mohawk have increased by 13%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in Mohawk?
To comfortably afford the median home price of $224,773 with a 20% down payment ($44,955) at today's rates (6.8%), you'd need a gross annual income of approximately $59,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Mohawk compare to the national average home price?
The national median home value is approximately $410,000. At $224,773, homes in Mohawk are 45% below the national average.
What metro area is Mohawk part of?
Mohawk is part of the Houghton, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.