Market Overview
Home Prices in Onekama, MI
The median home value in Onekama, MI is $352,704 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.5% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Onekama are priced14% below average.
Over the past five years, Onekama home values have risen by approximately28.7%, reflecting strong long-term appreciation in this market.
Price History
Onekama Home Price Trend
2020
$231,736
$232K
—
2021
$274,105
$274K
+18.3%
2022
$327,705
$328K
+19.6%
2023
$299,253
$299K
-8.7%
2024
$308,632
$309K
+3.1%
2025
$316,463
$316K
+2.5%
2026
$352,704
$353K
+11.5%
City Comparison
Onekama vs. National Median
🏠 Onekama
$352,704
National Median
$410,000
At $352,704, homes in Onekama cost 14% below the national median of $410,000. This makes Onekama a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Onekama?
20% Down Payment
$70,541
on $352,704
Monthly P&I
$1,839/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,336/mo
incl. taxes & insurance
Income Needed
$93,440
gross annual (30% rule)
10% Down Option
$35,270
+ PMI applies
Loan Amount (20% dn)
$282,163
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 Onekama, MI?
The median home value in Onekama is $352,704 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.5% year-over-year.
How much have home prices changed in Onekama?
Over the past year, home values in Onekama have increased by 11.5%. Over five years, prices have risen approximately 28.7%.
How much do I need to earn to buy a home in Onekama?
To comfortably afford the median home price of $352,704 with a 20% down payment ($70,541) at today's rates (6.8%), you'd need a gross annual income of approximately $93,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Onekama compare to the national average home price?
The national median home value is approximately $410,000. At $352,704, homes in Onekama are 14% below the national average.