Market Overview
Home Prices in Newaygo, MI
The median home value in Newaygo, MI is $285,806 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newaygo are priced30% below average.
Over the past five years, Newaygo home values have risen by approximately24.7%, reflecting strong long-term appreciation in this market.
Price History
Newaygo Home Price Trend
2020
$189,558
$190K
—
2021
$229,166
$229K
+20.9%
2022
$258,265
$258K
+12.7%
2023
$258,430
$258K
+0.1%
2024
$267,398
$267K
+3.5%
2025
$265,863
$266K
-0.6%
2026
$285,806
$286K
+7.5%
City Comparison
Newaygo vs. National Median
🏠 Newaygo
$285,806
National Median
$410,000
At $285,806, homes in Newaygo cost 30% below the national median of $410,000. This makes Newaygo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newaygo?
20% Down Payment
$57,161
on $285,806
Monthly P&I
$1,491/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,894/mo
incl. taxes & insurance
Income Needed
$75,760
gross annual (30% rule)
10% Down Option
$28,581
+ PMI applies
Loan Amount (20% dn)
$228,645
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 Newaygo, MI?
The median home value in Newaygo is $285,806 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 Newaygo?
Over the past year, home values in Newaygo have increased by 7.5%. Over five years, prices have risen approximately 24.7%.
How much do I need to earn to buy a home in Newaygo?
To comfortably afford the median home price of $285,806 with a 20% down payment ($57,161) at today's rates (6.8%), you'd need a gross annual income of approximately $75,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Newaygo compare to the national average home price?
The national median home value is approximately $410,000. At $285,806, homes in Newaygo are 30% below the national average.