Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$225,166+15.1% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 0% have cut their price
Income needed to buy, per year$48,811About 0.8× the local median income ($58,613): affordable for a typical household
Days on market107 daysSlower than a year ago: buyers have time to negotiate
The typical home in Keweenaw County, MI is worth $225,166, up 15.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $184,956, so the area is 21.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 107 days to sell, listings are up 100% from a year ago, 0% of listings have had a price cut. A household needs about $48,811 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 $58,613. In the latest IRS figures, 23 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
$225,166
Change in 1 year
+15.1%
Overvalued %
+21.7%
Show 6 more
Fair home value
$184,956
Change in 5 years
+52.3%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,220
Income needed to afford it
$48,811
Property tax rate
0.99%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+100.0%
Days on market
107
Listings with a price cut
0.0%
Show 3 more
Homes for sale
20
Pending sales per 100 listings
20
Asking price per sq ft
$247
People and jobs
Median household income
$58,613
Population change (1 year)
+1.0%
Unemployment rate
2.1%
Show 4 more
Population
2,186
Income adjusted for cost of living
$65,857
Net moves in (IRS)
+23
Cost of living (US = 100)
89.0
Schools, risk and environment
FEMA hazard risk score (0 to 100)
0.7
Unhealthy air days a year
0
Flood risk score
14.8
Show 3 more
Wildfire risk score
15.3
Walkability (1 to 20)
5.6
Road, rail and air noise
53 dB
Questions people ask
Is Keweenaw County, MI overvalued?
Home prices in Keweenaw County, MI are well above what local incomes have historically supported: fair value is about $184,956, so the area is 21.7% overvalued.
Is Keweenaw County, MI a buyer's or seller's market?
Keweenaw County, MI is a balanced market, leaning toward buyers: homes take about 107 days to sell, listings are up 100% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Keweenaw County, MI?
Home values in Keweenaw County, MI are up 15.1% over the last year.
How much do you need to earn to buy a home in Keweenaw County, MI?
A household needs about $48,811 a year to afford the typical home in Keweenaw County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,613.