Market Overview
Home Prices in Port Hope, MI
The median home value in Port Hope, MI is $194,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Port Hope are priced53% below average.
Over the past five years, Port Hope home values have risen by approximately9.6%, reflecting steady appreciation in this market.
Price History
Port Hope Home Price Trend
2020
$159,667
$160K
—
2021
$177,600
$178K
+11.2%
2022
$194,490
$194K
+9.5%
2023
$192,450
$192K
-1.0%
2024
$197,107
$197K
+2.4%
2025
$192,163
$192K
-2.5%
2026
$194,613
$195K
+1.3%
City Comparison
Port Hope vs. National Median
🏠 Port Hope
$194,613
National Median
$410,000
At $194,613, homes in Port Hope cost 53% below the national median of $410,000. This makes Port Hope a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Port Hope?
20% Down Payment
$38,923
on $194,613
Monthly P&I
$1,015/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,289/mo
incl. taxes & insurance
Income Needed
$51,560
gross annual (30% rule)
10% Down Option
$19,461
+ PMI applies
Loan Amount (20% dn)
$155,690
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 Port Hope, MI?
The median home value in Port Hope is $194,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Port Hope?
Over the past year, home values in Port Hope have increased by 1.3%. Over five years, prices have risen approximately 9.6%.
How much do I need to earn to buy a home in Port Hope?
To comfortably afford the median home price of $194,613 with a 20% down payment ($38,923) at today's rates (6.8%), you'd need a gross annual income of approximately $51,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Port Hope compare to the national average home price?
The national median home value is approximately $410,000. At $194,613, homes in Port Hope are 53% below the national average.