Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$177,789+14.6% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$38,541About 0.6× the local median income ($59,617): affordable for a typical household
Days on market100 daysSlower than a year ago: buyers have time to negotiate
The typical home in Baraga County, MI is worth $177,789, up 14.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $169,655, so the area is 4.8% overvalued. It is a balanced market: homes take about 100 days to sell, listings are up 48% from a year ago, 12% of listings have had a price cut. A household needs about $38,541 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,617. In the latest IRS figures, 82 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$177,789
Change in 1 year
+14.6%
Overvalued %
+4.8%
Show 6 more
Fair home value
$169,655
Change in 5 years
+24.4%
Home value to income
3.0×
Monthly mortgage payment (20% down)
$964
Income needed to afford it
$38,541
Property tax rate
1.22%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+48.0%
Days on market
100
Listings with a price cut
11.8%
Show 3 more
Homes for sale
37
Pending sales per 100 listings
35
Asking price per sq ft
$223
People and jobs
Median household income
$59,617
Population change (1 year)
−0.6%
Unemployment rate
5.1%
Show 4 more
Population
8,169
Income adjusted for cost of living
$66,985
Net moves in (IRS)
+82
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.0
FEMA hazard risk score (0 to 100)
10.7
Flood risk score
29.6
Show 3 more
Wildfire risk score
15.1
Walkability (1 to 20)
6.2
Road, rail and air noise
53 dB
Questions people ask
Is Baraga County, MI overvalued?
Home prices in Baraga County, MI are slightly above what local incomes have historically supported: fair value is about $169,655, so the area is 4.8% overvalued.
Is Baraga County, MI a buyer's or seller's market?
Baraga County, MI is a balanced market: homes take about 100 days to sell, listings are up 48% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Baraga County, MI?
Home values in Baraga County, MI are up 14.6% over the last year.
How much do you need to earn to buy a home in Baraga County, MI?
A household needs about $38,541 a year to afford the typical home in Baraga County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,617.