Market Overview
Home Prices in Montague, MI
The median home value in Montague, MI is $284,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montague are priced31% below average. Montague is part of the Muskegon, MI metro area.
Over the past five years, Montague home values have risen by approximately29.8%, reflecting strong long-term appreciation in this market.
Price History
Montague Home Price Trend
City Comparison
Montague vs. National Median
At $284,271, homes in Montague cost 31% below the national median of $410,000. This makes Montague a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montague?
20% Down Payment
$56,854
on $284,271
Monthly P&I
$1,483/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,883/mo
incl. taxes & insurance
Income Needed
$75,320
gross annual (30% rule)
10% Down Option
$28,427
+ PMI applies
Loan Amount (20% dn)
$227,417
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 Montague, MI?
The median home value in Montague is $284,271 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Montague?
Over the past year, home values in Montague have increased by 5.8%. Over five years, prices have risen approximately 29.8%.
How much do I need to earn to buy a home in Montague?
To comfortably afford the median home price of $284,271 with a 20% down payment ($56,854) at today's rates (6.8%), you'd need a gross annual income of approximately $75,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Montague compare to the national average home price?
The national median home value is approximately $410,000. At $284,271, homes in Montague are 31% below the national average.
What metro area is Montague part of?
Montague is part of the Muskegon, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.