Market Overview
Home Prices in Pigeon, MI
The median home value in Pigeon, MI is $255,321 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pigeon are priced38% below average.
Over the past five years, Pigeon home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Pigeon Home Price Trend
2020
$166,520
$167K
—
2021
$182,499
$182K
+9.6%
2022
$212,646
$213K
+16.5%
2023
$215,399
$215K
+1.3%
2024
$233,886
$234K
+8.6%
2025
$241,022
$241K
+3.1%
2026
$255,321
$255K
+5.9%
City Comparison
Pigeon vs. National Median
🏠 Pigeon
$255,321
National Median
$410,000
At $255,321, homes in Pigeon cost 38% below the national median of $410,000. This makes Pigeon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pigeon?
20% Down Payment
$51,064
on $255,321
Monthly P&I
$1,332/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,692/mo
incl. taxes & insurance
Income Needed
$67,680
gross annual (30% rule)
10% Down Option
$25,532
+ PMI applies
Loan Amount (20% dn)
$204,257
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 Pigeon, MI?
The median home value in Pigeon is $255,321 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Pigeon?
Over the past year, home values in Pigeon have increased by 5.9%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Pigeon?
To comfortably afford the median home price of $255,321 with a 20% down payment ($51,064) at today's rates (6.8%), you'd need a gross annual income of approximately $67,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Pigeon compare to the national average home price?
The national median home value is approximately $410,000. At $255,321, homes in Pigeon are 38% below the national average.