Market Overview
Home Prices in Spruce, MI
The median home value in Spruce, MI is $226,005 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spruce are priced45% below average. Spruce is part of the Alpena, MI metro area.
Over the past five years, Spruce home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Spruce Home Price Trend
City Comparison
Spruce vs. National Median
At $226,005, homes in Spruce cost 45% below the national median of $410,000. This makes Spruce a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Spruce?
20% Down Payment
$45,201
on $226,005
Monthly P&I
$1,179/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,497/mo
incl. taxes & insurance
Income Needed
$59,880
gross annual (30% rule)
10% Down Option
$22,601
+ PMI applies
Loan Amount (20% dn)
$180,804
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 Spruce, MI?
The median home value in Spruce is $226,005 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Spruce?
Over the past year, home values in Spruce have increased by 6.8%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Spruce?
To comfortably afford the median home price of $226,005 with a 20% down payment ($45,201) at today's rates (6.8%), you'd need a gross annual income of approximately $59,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Spruce compare to the national average home price?
The national median home value is approximately $410,000. At $226,005, homes in Spruce are 45% below the national average.
What metro area is Spruce part of?
Spruce is part of the Alpena, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.