Gratiot County, MI Average Home Price (2026)
The average home price in Gratiot County, Michigan is about $191,000 (the 2026 median across 13 ZIP codes, at ~$125/sq ft) — 22% more affordable than the Michigan median and 34% more affordable than the typical U.S. home.
How Gratiot County compares
Gratiot County is relatively affordable for housing nationally: its typical home costs $191,000 against $244,000 for Michigan and $289,000 for the U.S. Within the county, ZIP-level values run from about $157,000 to $284,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Gratiot County | $191,000 | $125 |
| Michigan | $244,000 | $187 |
| United States | $289,000 | $193 |
Gratiot County home prices by ZIP code
The 13 most valuable ZIP codes in Gratiot County (of 13 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 48871 Perrinton | $284,000 | $219 | +49% |
| 48874 Pompeii | $217,000 | $114 | +14% |
| 48889 Sumner | $208,000 | $116 | +9% |
| 48832 Elwell | $201,000 | $175 | +5% |
| 48847 Ithaca | $196,000 | $155 | +3% |
| 48806 Ashley | $193,000 | $85 | +1% |
| 48877 Riverdale | $191,000 | $206 | +0% |
| 48662 Wheeler | $187,000 | $150 | -2% |
| 48807 Bannister | $183,000 | $124 | -4% |
| 48615 Wheeler | $179,000 | $124 | -6% |
| 48880 Saint Louis | $168,000 | $123 | -12% |
| 48801 Alma | $165,000 | $131 | -14% |
| 48856 Middleton | $157,000 | $125 | -18% |
Home value appreciation in Gratiot County
Home prices in Gratiot County have risen about 94% over the last 10 years (≈6.8% a year) and +71.3% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.2% — still rising. A home worth $191,000 today was worth roughly $98,708 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Michigan is +96.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Gratiot County
Run the numbers for Gratiot County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Gratiot County
To buy the typical $191,000 home in Gratiot County with 20% down, you need a household income of roughly $52,000 a year (about $1,210 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $62,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,600 | $1,510/mo | $65,000/yr |
| 10% (+PMI) | $19,100 | $1,440/mo | $62,000/yr |
| 20% | $38,200 | $1,210/mo | $52,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Gratiot County
At about $125 per square foot, here is roughly how much home different budgets get you in Gratiot County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1200 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1600 sq ft | around the typical home here |
| $250k | 2000 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2400 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 3200 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Michigan.
Estimate a specific home in Gratiot County
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Gratiot County home prices: frequently asked
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Browse all Michigan cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.