Market Overview
Home Prices in Oscoda, MI
The median home value in Oscoda, MI is $150,650 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oscoda are priced63% below average.
Over the past five years, Oscoda home values have risen by approximately8.2%, reflecting steady appreciation in this market.
Price History
Oscoda Home Price Trend
2020
$131,385
$131K
—
2021
$139,248
$139K
+6.0%
2022
$149,774
$150K
+7.6%
2023
$146,527
$147K
-2.2%
2024
$153,650
$154K
+4.9%
2025
$150,057
$150K
-2.3%
2026
$150,650
$151K
+0.4%
City Comparison
Oscoda vs. National Median
🏠 Oscoda
$150,650
National Median
$410,000
At $150,650, homes in Oscoda cost 63% below the national median of $410,000. This makes Oscoda a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oscoda?
20% Down Payment
$30,130
on $150,650
Monthly P&I
$786/mo
30-yr @ 6.8%
Total Monthly Est.
~$998/mo
incl. taxes & insurance
Income Needed
$39,920
gross annual (30% rule)
10% Down Option
$15,065
+ PMI applies
Loan Amount (20% dn)
$120,520
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 Oscoda, MI?
The median home value in Oscoda is $150,650 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Oscoda?
Over the past year, home values in Oscoda have increased by 0.4%. Over five years, prices have risen approximately 8.2%.
How much do I need to earn to buy a home in Oscoda?
To comfortably afford the median home price of $150,650 with a 20% down payment ($30,130) at today's rates (6.8%), you'd need a gross annual income of approximately $39,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Oscoda compare to the national average home price?
The national median home value is approximately $410,000. At $150,650, homes in Oscoda are 63% below the national average.