Market Overview
Home Prices in Rutland, MI
The median home value in Rutland, MI is $344,651 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rutland are priced16% below average.
Over the past five years, Rutland home values have risen by approximately30.7%, reflecting strong long-term appreciation in this market.
Price History
Rutland Home Price Trend
2020
$229,828
$230K
—
2021
$263,718
$264K
+14.7%
2022
$297,652
$298K
+12.9%
2023
$292,105
$292K
-1.9%
2024
$312,514
$313K
+7.0%
2025
$324,288
$324K
+3.8%
2026
$344,651
$345K
+6.3%
City Comparison
Rutland vs. National Median
🏠 Rutland
$344,651
National Median
$410,000
At $344,651, homes in Rutland cost 16% below the national median of $410,000. This makes Rutland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Rutland?
20% Down Payment
$68,930
on $344,651
Monthly P&I
$1,797/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,282/mo
incl. taxes & insurance
Income Needed
$91,280
gross annual (30% rule)
10% Down Option
$34,465
+ PMI applies
Loan Amount (20% dn)
$275,721
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 Rutland, MI?
The median home value in Rutland is $344,651 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Rutland?
Over the past year, home values in Rutland have increased by 6.3%. Over five years, prices have risen approximately 30.7%.
How much do I need to earn to buy a home in Rutland?
To comfortably afford the median home price of $344,651 with a 20% down payment ($68,930) at today's rates (6.8%), you'd need a gross annual income of approximately $91,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Rutland compare to the national average home price?
The national median home value is approximately $410,000. At $344,651, homes in Rutland are 16% below the national average.