Market Overview
Home Prices in Newberry, MI
The median home value in Newberry, MI is $117,099 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newberry are priced71% below average.
Over the past five years, Newberry home values have risen by approximately7.2%, reflecting steady appreciation in this market.
Price History
Newberry Home Price Trend
2020
$92,104
$92K
—
2021
$109,219
$109K
+18.6%
2022
$118,511
$119K
+8.5%
2023
$118,970
$119K
+0.4%
2024
$117,565
$118K
-1.2%
2025
$115,814
$116K
-1.5%
2026
$117,099
$117K
+1.1%
City Comparison
Newberry vs. National Median
🏠 Newberry
$117,099
National Median
$410,000
At $117,099, homes in Newberry cost 71% below the national median of $410,000. This makes Newberry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newberry?
20% Down Payment
$23,420
on $117,099
Monthly P&I
$611/mo
30-yr @ 6.8%
Total Monthly Est.
~$776/mo
incl. taxes & insurance
Income Needed
$31,040
gross annual (30% rule)
10% Down Option
$11,710
+ PMI applies
Loan Amount (20% dn)
$93,679
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 Newberry, MI?
The median home value in Newberry is $117,099 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Newberry?
Over the past year, home values in Newberry have increased by 1.1%. Over five years, prices have risen approximately 7.2%.
How much do I need to earn to buy a home in Newberry?
To comfortably afford the median home price of $117,099 with a 20% down payment ($23,420) at today's rates (6.8%), you'd need a gross annual income of approximately $31,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Newberry compare to the national average home price?
The national median home value is approximately $410,000. At $117,099, homes in Newberry are 71% below the national average.