Market Overview
Home Prices in Tawas City, MI
The median home value in Tawas City, MI is $210,448 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tawas City are priced49% below average.
Over the past five years, Tawas City home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
Tawas City Home Price Trend
2020
$135,654
$136K
—
2021
$158,861
$159K
+17.1%
2022
$182,349
$182K
+14.8%
2023
$189,600
$190K
+4.0%
2024
$198,430
$198K
+4.7%
2025
$196,407
$196K
-1.0%
2026
$210,448
$210K
+7.1%
City Comparison
Tawas City vs. National Median
🏠 Tawas City
$210,448
National Median
$410,000
At $210,448, homes in Tawas City cost 49% below the national median of $410,000. This makes Tawas City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tawas City?
20% Down Payment
$42,090
on $210,448
Monthly P&I
$1,098/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,394/mo
incl. taxes & insurance
Income Needed
$55,760
gross annual (30% rule)
10% Down Option
$21,045
+ PMI applies
Loan Amount (20% dn)
$168,358
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 Tawas City, MI?
The median home value in Tawas City is $210,448 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Tawas City?
Over the past year, home values in Tawas City have increased by 7.1%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in Tawas City?
To comfortably afford the median home price of $210,448 with a 20% down payment ($42,090) at today's rates (6.8%), you'd need a gross annual income of approximately $55,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Tawas City compare to the national average home price?
The national median home value is approximately $410,000. At $210,448, homes in Tawas City are 49% below the national average.