Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$174,570+2.5% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$37,843About 0.7× the local median income ($51,992): affordable for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
The typical home in Montmorency County, MI is worth $174,570, up 2.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $152,687, so the area is 14.3% overvalued. It is a buyer's market: homes take about 71 days to sell, listings are up 26% from a year ago, 13% of listings have had a price cut. A household needs about $37,843 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 $51,992. In the latest IRS figures, 216 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
$174,570
Change in 1 year
+2.5%
Overvalued %
+14.3%
Show 6 more
Fair home value
$152,687
Change in 5 years
+10.6%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$946
Income needed to afford it
$37,843
Property tax rate
0.86%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+25.6%
Days on market
71
Listings with a price cut
12.7%
Show 3 more
Homes for sale
98
Pending sales per 100 listings
24
Asking price per sq ft
$164
People and jobs
Median household income
$51,992
Population change (1 year)
+0.6%
Unemployment rate
5.3%
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Population
9,842
Income adjusted for cost of living
$58,418
Net moves in (IRS)
+216
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
3.9
FEMA hazard risk score (0 to 100)
15.9
Flood risk score
38.8
Show 3 more
Wildfire risk score
60.4
Walkability (1 to 20)
4.6
Road, rail and air noise
54 dB
Questions people ask
Is Montmorency County, MI overvalued?
Home prices in Montmorency County, MI are well above what local incomes have historically supported: fair value is about $152,687, so the area is 14.3% overvalued.
Is Montmorency County, MI a buyer's or seller's market?
Montmorency County, MI is a buyer's market: homes take about 71 days to sell, listings are up 26% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Montmorency County, MI?
Home values in Montmorency County, MI are up 2.5% over the last year.
How much do you need to earn to buy a home in Montmorency County, MI?
A household needs about $37,843 a year to afford the typical home in Montmorency County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $51,992.