Market Overview
Home Prices in Reese, MI
The median home value in Reese, MI is $226,889 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reese are priced45% below average. Reese is part of the Saginaw, MI metro area.
Over the past five years, Reese home values have risen by approximately26.6%, reflecting strong long-term appreciation in this market.
Price History
Reese Home Price Trend
2020
$152,761
$153K
—
2021
$179,167
$179K
+17.3%
2022
$197,258
$197K
+10.1%
2023
$201,133
$201K
+2.0%
2024
$205,874
$206K
+2.4%
2025
$211,442
$211K
+2.7%
2026
$226,889
$227K
+7.3%
City Comparison
Reese vs. National Median
🏠 Reese
$226,889
National Median
$410,000
At $226,889, homes in Reese cost 45% below the national median of $410,000. This makes Reese a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Reese?
20% Down Payment
$45,378
on $226,889
Monthly P&I
$1,183/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,502/mo
incl. taxes & insurance
Income Needed
$60,080
gross annual (30% rule)
10% Down Option
$22,689
+ PMI applies
Loan Amount (20% dn)
$181,511
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 Reese, MI?
The median home value in Reese is $226,889 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Reese?
Over the past year, home values in Reese have increased by 7.3%. Over five years, prices have risen approximately 26.6%.
How much do I need to earn to buy a home in Reese?
To comfortably afford the median home price of $226,889 with a 20% down payment ($45,378) at today's rates (6.8%), you'd need a gross annual income of approximately $60,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Reese compare to the national average home price?
The national median home value is approximately $410,000. At $226,889, homes in Reese are 45% below the national average.
What metro area is Reese part of?
Reese is part of the Saginaw, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.