Market Overview
Home Prices in Negaunee, MI
The median home value in Negaunee, MI is $245,472 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Negaunee are priced40% below average. Negaunee is part of the Marquette, MI metro area.
Over the past five years, Negaunee home values have risen by approximately35.2%, reflecting strong long-term appreciation in this market.
Price History
Negaunee Home Price Trend
City Comparison
Negaunee vs. National Median
At $245,472, homes in Negaunee cost 40% below the national median of $410,000. This makes Negaunee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Negaunee?
20% Down Payment
$49,094
on $245,472
Monthly P&I
$1,280/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,626/mo
incl. taxes & insurance
Income Needed
$65,040
gross annual (30% rule)
10% Down Option
$24,547
+ PMI applies
Loan Amount (20% dn)
$196,378
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 Negaunee, MI?
The median home value in Negaunee is $245,472 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Negaunee?
Over the past year, home values in Negaunee have increased by 7.5%. Over five years, prices have risen approximately 35.2%.
How much do I need to earn to buy a home in Negaunee?
To comfortably afford the median home price of $245,472 with a 20% down payment ($49,094) at today's rates (6.8%), you'd need a gross annual income of approximately $65,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Negaunee compare to the national average home price?
The national median home value is approximately $410,000. At $245,472, homes in Negaunee are 40% below the national average.
What metro area is Negaunee part of?
Negaunee is part of the Marquette, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.