Market Overview
Home Prices in Three Oaks, MI
The median home value in Three Oaks, MI is $350,044 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.2% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Three Oaks are priced15% below average. Three Oaks is part of the Niles, MI metro area.
Over the past five years, Three Oaks home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
Three Oaks Home Price Trend
City Comparison
Three Oaks vs. National Median
At $350,044, homes in Three Oaks cost 15% below the national median of $410,000. This makes Three Oaks a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Three Oaks?
20% Down Payment
$70,009
on $350,044
Monthly P&I
$1,826/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,319/mo
incl. taxes & insurance
Income Needed
$92,760
gross annual (30% rule)
10% Down Option
$35,004
+ PMI applies
Loan Amount (20% dn)
$280,035
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 Three Oaks, MI?
The median home value in Three Oaks is $350,044 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.2% year-over-year.
How much have home prices changed in Three Oaks?
Over the past year, home values in Three Oaks have increased by 13.2%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in Three Oaks?
To comfortably afford the median home price of $350,044 with a 20% down payment ($70,009) at today's rates (6.8%), you'd need a gross annual income of approximately $92,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Three Oaks compare to the national average home price?
The national median home value is approximately $410,000. At $350,044, homes in Three Oaks are 15% below the national average.
What metro area is Three Oaks part of?
Three Oaks is part of the Niles, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.