Market Overview
Home Prices in Watersmeet, MI
The median home value in Watersmeet, MI is $296,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Watersmeet are priced28% below average.
Over the past five years, Watersmeet home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Watersmeet Home Price Trend
2020
$184,892
$185K
—
2021
$231,056
$231K
+25.0%
2022
$262,087
$262K
+13.4%
2023
$253,605
$254K
-3.2%
2024
$274,868
$275K
+8.4%
2025
$287,427
$287K
+4.6%
2026
$296,577
$297K
+3.2%
City Comparison
Watersmeet vs. National Median
🏠 Watersmeet
$296,577
National Median
$410,000
At $296,577, homes in Watersmeet cost 28% below the national median of $410,000. This makes Watersmeet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Watersmeet?
20% Down Payment
$59,315
on $296,577
Monthly P&I
$1,547/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,965/mo
incl. taxes & insurance
Income Needed
$78,600
gross annual (30% rule)
10% Down Option
$29,658
+ PMI applies
Loan Amount (20% dn)
$237,262
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 Watersmeet, MI?
The median home value in Watersmeet is $296,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Watersmeet?
Over the past year, home values in Watersmeet have increased by 3.2%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Watersmeet?
To comfortably afford the median home price of $296,577 with a 20% down payment ($59,315) at today's rates (6.8%), you'd need a gross annual income of approximately $78,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Watersmeet compare to the national average home price?
The national median home value is approximately $410,000. At $296,577, homes in Watersmeet are 28% below the national average.