Market Overview
Home Prices in Spalding, MI
The median home value in Spalding, MI is $179,398 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spalding are priced56% below average. Spalding is part of the Marinette, WI-MI metro area.
Price History
Spalding Home Price Trend
2022
$182,885
$183K
—
2023
$179,699
$180K
-1.7%
2024
$166,822
$167K
-7.2%
2025
$172,651
$173K
+3.5%
2026
$179,398
$179K
+3.9%
City Comparison
Spalding vs. National Median
🏠 Spalding
$179,398
National Median
$410,000
At $179,398, homes in Spalding cost 56% below the national median of $410,000. This makes Spalding a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Spalding?
20% Down Payment
$35,880
on $179,398
Monthly P&I
$936/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,189/mo
incl. taxes & insurance
Income Needed
$47,560
gross annual (30% rule)
10% Down Option
$17,940
+ PMI applies
Loan Amount (20% dn)
$143,518
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 Spalding, MI?
The median home value in Spalding is $179,398 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Spalding?
Over the past year, home values in Spalding have increased by 3.9%.
How much do I need to earn to buy a home in Spalding?
To comfortably afford the median home price of $179,398 with a 20% down payment ($35,880) at today's rates (6.8%), you'd need a gross annual income of approximately $47,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Spalding compare to the national average home price?
The national median home value is approximately $410,000. At $179,398, homes in Spalding are 56% below the national average.
What metro area is Spalding part of?
Spalding is part of the Marinette, WI-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.