Market Overview
Home Prices in Three Rivers, MI
The median home value in Three Rivers, MI is $232,277 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Three Rivers are priced43% below average. Three Rivers is part of the Sturgis, MI metro area.
Over the past five years, Three Rivers home values have risen by approximately20.8%, reflecting strong long-term appreciation in this market.
Price History
Three Rivers Home Price Trend
City Comparison
Three Rivers vs. National Median
At $232,277, homes in Three Rivers cost 43% below the national median of $410,000. This makes Three Rivers a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Three Rivers?
20% Down Payment
$46,455
on $232,277
Monthly P&I
$1,211/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,538/mo
incl. taxes & insurance
Income Needed
$61,520
gross annual (30% rule)
10% Down Option
$23,228
+ PMI applies
Loan Amount (20% dn)
$185,822
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 Rivers, MI?
The median home value in Three Rivers is $232,277 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Three Rivers?
Over the past year, home values in Three Rivers have increased by 4.3%. Over five years, prices have risen approximately 20.8%.
How much do I need to earn to buy a home in Three Rivers?
To comfortably afford the median home price of $232,277 with a 20% down payment ($46,455) at today's rates (6.8%), you'd need a gross annual income of approximately $61,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Three Rivers compare to the national average home price?
The national median home value is approximately $410,000. At $232,277, homes in Three Rivers are 43% below the national average.
What metro area is Three Rivers part of?
Three Rivers is part of the Sturgis, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.