Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$242,475+7.9% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$52,564About 0.9× the local median income ($60,831): affordable for a typical household
Days on market95 daysSlower than a year ago: buyers have time to negotiate
The typical home in Mackinac County, MI is worth $242,475, up 7.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $208,331, so the area is 16.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are up 34% from a year ago, 14% of listings have had a price cut. A household needs about $52,564 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 $60,831. In the latest IRS figures, 9 more people moved out than in.
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
$242,475
Change in 1 year
+7.9%
Overvalued %
+16.4%
Show 6 more
Fair home value
$208,331
Change in 5 years
+40.6%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,314
Income needed to afford it
$52,564
Property tax rate
1.07%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,057
Market activity
Listings vs a year ago
+34.2%
Days on market
95
Listings with a price cut
13.8%
Show 3 more
Homes for sale
98
Pending sales per 100 listings
22
Asking price per sq ft
$220
People and jobs
Median household income
$60,831
Population change (1 year)
+1.2%
Unemployment rate
8.0%
Show 4 more
Population
11,236
Income adjusted for cost of living
$68,349
Net moves in (IRS)
−9
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
9.1
Flood risk score
36.8
Show 3 more
Wildfire risk score
47.6
Walkability (1 to 20)
6.4
Road, rail and air noise
54 dB
Questions people ask
Is Mackinac County, MI overvalued?
Home prices in Mackinac County, MI are well above what local incomes have historically supported: fair value is about $208,331, so the area is 16.4% overvalued.
Is Mackinac County, MI a buyer's or seller's market?
Mackinac County, MI is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are up 34% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Mackinac County, MI?
Home values in Mackinac County, MI are up 7.9% over the last year.
How much do you need to earn to buy a home in Mackinac County, MI?
A household needs about $52,564 a year to afford the typical home in Mackinac County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,831.