Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$219,214+9.5% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$47,521About 0.8× the local median income ($59,991): affordable for a typical household
Days on market67 daysAbout the same pace as a year ago
The typical home in Presque Isle County, MI is worth $219,214, up 9.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $207,610, so the area is 5.6% overvalued. It is a balanced market, leaning toward sellers: homes take about 67 days to sell, listings are down 0% from a year ago, 16% of listings have had a price cut. A household needs about $47,521 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 $59,991. In the latest IRS figures, 145 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
$219,214
Change in 1 year
+9.5%
Overvalued %
+5.6%
Show 6 more
Fair home value
$207,610
Change in 5 years
+39.3%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,188
Income needed to afford it
$47,521
Property tax rate
0.95%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
0.0%
Days on market
67
Listings with a price cut
16.0%
Show 3 more
Homes for sale
57
Pending sales per 100 listings
35
Asking price per sq ft
$182
People and jobs
Median household income
$59,991
Population change (1 year)
−0.7%
Unemployment rate
6.5%
Show 4 more
Population
13,128
Income adjusted for cost of living
$67,406
Net moves in (IRS)
+145
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
21.8
Flood risk score
44.0
Show 3 more
Wildfire risk score
14.1
Walkability (1 to 20)
5.6
Road, rail and air noise
54 dB
Questions people ask
Is Presque Isle County, MI overvalued?
Home prices in Presque Isle County, MI are slightly above what local incomes have historically supported: fair value is about $207,610, so the area is 5.6% overvalued.
Is Presque Isle County, MI a buyer's or seller's market?
Presque Isle County, MI is a balanced market, leaning toward sellers: homes take about 67 days to sell, listings are down 0% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Presque Isle County, MI?
Home values in Presque Isle County, MI are up 9.5% over the last year.
How much do you need to earn to buy a home in Presque Isle County, MI?
A household needs about $47,521 a year to afford the typical home in Presque Isle County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,991.