Market Overview
Home Prices in Muskegon, MI
The median home value in Muskegon, MI is $192,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Muskegon are priced53% below average. Muskegon is part of the Muskegon, MI metro area.
Over the past five years, Muskegon home values have risen by approximately29.5%, reflecting strong long-term appreciation in this market.
Price History
Muskegon Home Price Trend
City Comparison
Muskegon vs. National Median
At $192,512, homes in Muskegon cost 53% below the national median of $410,000. This makes Muskegon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Muskegon?
20% Down Payment
$38,502
on $192,512
Monthly P&I
$1,004/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,275/mo
incl. taxes & insurance
Income Needed
$51,000
gross annual (30% rule)
10% Down Option
$19,251
+ PMI applies
Loan Amount (20% dn)
$154,010
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 Muskegon, MI?
The median home value in Muskegon is $192,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Muskegon?
Over the past year, home values in Muskegon have increased by 2.7%. Over five years, prices have risen approximately 29.5%.
How much do I need to earn to buy a home in Muskegon?
To comfortably afford the median home price of $192,512 with a 20% down payment ($38,502) at today's rates (6.8%), you'd need a gross annual income of approximately $51,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Muskegon compare to the national average home price?
The national median home value is approximately $410,000. At $192,512, homes in Muskegon are 53% below the national average.
What metro area is Muskegon part of?
Muskegon is part of the Muskegon, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.