Market Overview
Home Prices in Paw Paw, MI
The median home value in Paw Paw, MI is $281,973 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% 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 Paw Paw are priced31% below average.
Over the past five years, Paw Paw home values have risen by approximately20.2%, reflecting strong long-term appreciation in this market.
Price History
Paw Paw Home Price Trend
2020
$201,441
$201K
—
2021
$234,583
$235K
+16.5%
2022
$260,396
$260K
+11.0%
2023
$261,490
$261K
+0.4%
2024
$277,827
$278K
+6.2%
2025
$276,026
$276K
-0.6%
2026
$281,973
$282K
+2.2%
City Comparison
Paw Paw vs. National Median
🏠 Paw Paw
$281,973
National Median
$410,000
At $281,973, homes in Paw Paw cost 31% below the national median of $410,000. This makes Paw Paw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paw Paw?
20% Down Payment
$56,395
on $281,973
Monthly P&I
$1,471/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,868/mo
incl. taxes & insurance
Income Needed
$74,720
gross annual (30% rule)
10% Down Option
$28,197
+ PMI applies
Loan Amount (20% dn)
$225,578
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 Paw Paw, MI?
The median home value in Paw Paw is $281,973 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Paw Paw?
Over the past year, home values in Paw Paw have increased by 2.2%. Over five years, prices have risen approximately 20.2%.
How much do I need to earn to buy a home in Paw Paw?
To comfortably afford the median home price of $281,973 with a 20% down payment ($56,395) at today's rates (6.8%), you'd need a gross annual income of approximately $74,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Paw Paw compare to the national average home price?
The national median home value is approximately $410,000. At $281,973, homes in Paw Paw are 31% below the national average.