Market Overview
Home Prices in Raisin, MI
The median home value in Raisin, MI is $278,952 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Raisin are priced32% below average. Raisin is part of the Adrian, MI metro area.
Over the past five years, Raisin home values have risen by approximately28.9%, reflecting strong long-term appreciation in this market.
Price History
Raisin Home Price Trend
2020
$186,296
$186K
—
2021
$216,372
$216K
+16.1%
2022
$248,614
$249K
+14.9%
2023
$242,704
$243K
-2.4%
2024
$258,461
$258K
+6.5%
2025
$261,054
$261K
+1.0%
2026
$278,952
$279K
+6.9%
City Comparison
Raisin vs. National Median
🏠 Raisin
$278,952
National Median
$410,000
At $278,952, homes in Raisin cost 32% below the national median of $410,000. This makes Raisin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Raisin?
20% Down Payment
$55,790
on $278,952
Monthly P&I
$1,455/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,848/mo
incl. taxes & insurance
Income Needed
$73,920
gross annual (30% rule)
10% Down Option
$27,895
+ PMI applies
Loan Amount (20% dn)
$223,162
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 Raisin, MI?
The median home value in Raisin is $278,952 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Raisin?
Over the past year, home values in Raisin have increased by 6.9%. Over five years, prices have risen approximately 28.9%.
How much do I need to earn to buy a home in Raisin?
To comfortably afford the median home price of $278,952 with a 20% down payment ($55,790) at today's rates (6.8%), you'd need a gross annual income of approximately $73,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Raisin compare to the national average home price?
The national median home value is approximately $410,000. At $278,952, homes in Raisin are 32% below the national average.
What metro area is Raisin part of?
Raisin is part of the Adrian, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.