Market Overview
Home Prices in Waldron, MI
The median home value in Waldron, MI is $152,821 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waldron are priced63% below average. Waldron is part of the Hillsdale, MI metro area.
Over the past five years, Waldron home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Waldron Home Price Trend
City Comparison
Waldron vs. National Median
At $152,821, homes in Waldron cost 63% below the national median of $410,000. This makes Waldron a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waldron?
20% Down Payment
$30,564
on $152,821
Monthly P&I
$797/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,012/mo
incl. taxes & insurance
Income Needed
$40,480
gross annual (30% rule)
10% Down Option
$15,282
+ PMI applies
Loan Amount (20% dn)
$122,257
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 Waldron, MI?
The median home value in Waldron is $152,821 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Waldron?
Over the past year, home values in Waldron have increased by 12.1%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Waldron?
To comfortably afford the median home price of $152,821 with a 20% down payment ($30,564) at today's rates (6.8%), you'd need a gross annual income of approximately $40,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Waldron compare to the national average home price?
The national median home value is approximately $410,000. At $152,821, homes in Waldron are 63% below the national average.
What metro area is Waldron part of?
Waldron is part of the Hillsdale, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.