Market Overview
Home Prices in Owendale, MI
The median home value in Owendale, MI is $166,481 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Owendale are priced59% below average.
Price History
Owendale Home Price Trend
2022
$179,136
$179K
—
2023
$182,676
$183K
+2.0%
2024
$180,459
$180K
-1.2%
2025
$172,390
$172K
-4.5%
2026
$166,481
$166K
-3.4%
City Comparison
Owendale vs. National Median
🏠 Owendale
$166,481
National Median
$410,000
At $166,481, homes in Owendale cost 59% below the national median of $410,000. This makes Owendale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Owendale?
20% Down Payment
$33,296
on $166,481
Monthly P&I
$868/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,102/mo
incl. taxes & insurance
Income Needed
$44,080
gross annual (30% rule)
10% Down Option
$16,648
+ PMI applies
Loan Amount (20% dn)
$133,185
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 Owendale, MI?
The median home value in Owendale is $166,481 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Owendale?
Over the past year, home values in Owendale have decreased by 3.4%.
How much do I need to earn to buy a home in Owendale?
To comfortably afford the median home price of $166,481 with a 20% down payment ($33,296) at today's rates (6.8%), you'd need a gross annual income of approximately $44,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Owendale compare to the national average home price?
The national median home value is approximately $410,000. At $166,481, homes in Owendale are 59% below the national average.