Market Overview
Home Prices in Suttons Bay, MI
The median home value in Suttons Bay, MI is $654,042 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Suttons Bay are priced60% above average. Suttons Bay is part of the Traverse City, MI metro area.
Over the past five years, Suttons Bay home values have risen by approximately22.4%, reflecting strong long-term appreciation in this market.
Price History
Suttons Bay Home Price Trend
City Comparison
Suttons Bay vs. National Median
At $654,042, homes in Suttons Bay cost 60% above the national median of $410,000. Buyers in Suttons Bay should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Suttons Bay?
20% Down Payment
$130,808
on $654,042
Monthly P&I
$3,411/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,332/mo
incl. taxes & insurance
Income Needed
$173,280
gross annual (30% rule)
10% Down Option
$65,404
+ PMI applies
Loan Amount (20% dn)
$523,234
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 Suttons Bay, MI?
The median home value in Suttons Bay is $654,042 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Suttons Bay?
Over the past year, home values in Suttons Bay have decreased by 2%. Over five years, prices have risen approximately 22.4%.
How much do I need to earn to buy a home in Suttons Bay?
To comfortably afford the median home price of $654,042 with a 20% down payment ($130,808) at today's rates (6.8%), you'd need a gross annual income of approximately $173,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Suttons Bay compare to the national average home price?
The national median home value is approximately $410,000. At $654,042, homes in Suttons Bay are 60% above the national average.
What metro area is Suttons Bay part of?
Suttons Bay is part of the Traverse City, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.