Market Overview
Home Prices in Rhodes, MI
The median home value in Rhodes, MI is $223,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rhodes are priced45% below average. Rhodes is part of the Bay City, MI metro area.
Over the past five years, Rhodes home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Rhodes Home Price Trend
City Comparison
Rhodes vs. National Median
At $223,463, homes in Rhodes cost 45% below the national median of $410,000. This makes Rhodes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rhodes?
20% Down Payment
$44,693
on $223,463
Monthly P&I
$1,165/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,480/mo
incl. taxes & insurance
Income Needed
$59,200
gross annual (30% rule)
10% Down Option
$22,346
+ PMI applies
Loan Amount (20% dn)
$178,770
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 Rhodes, MI?
The median home value in Rhodes is $223,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Rhodes?
Over the past year, home values in Rhodes have increased by 8.2%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Rhodes?
To comfortably afford the median home price of $223,463 with a 20% down payment ($44,693) at today's rates (6.8%), you'd need a gross annual income of approximately $59,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Rhodes compare to the national average home price?
The national median home value is approximately $410,000. At $223,463, homes in Rhodes are 45% below the national average.
What metro area is Rhodes part of?
Rhodes is part of the Bay City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.