House Prices

House Prices & Home Values Honor, MI 2026


Average Data

average house price$534,975
average size per house1620 ft²
average price per ft²331 $ / ft²

06/09/2026 - The value range (VR) for house prices in Honor, MI is $492/ sqft to $492/ sqft. An average home with 1620 sqft costs approximately $797,040 to $797,040. Honor, MI includes 1 ZIP codes and it is located in Benzie county. The lowest prices are found in ZIP 49640, while the highest are in ZIP 49640. The average price per sqare feet is $331. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Honor

49640514 $ / ft²




Historical development of home values in Honor

Year Estimated value (USD) Change vs. 2025
2010 $248,452 -53.6%
2011 $238,844 -55.4%
2012 $238,201 -55.5%
2013 $247,105 -53.8%
2014 $259,392 -51.5%
2015 $272,705 -49.0%
2016 $286,936 -46.4%
2017 $302,423 -43.5%
2018 $319,143 -40.3%
2019 $333,941 -37.6%
2020 $351,204 -34.4%
2021 $399,457 -25.3%
2022 $465,677 -13.0%
2023 $491,078 -8.2%
2024 $519,488 -2.9%
2025 $534,975 0.0%

Graph: estimated home values in Honor over time (USD)



Example: 100% financing house in Honor

Loan amount: $534,975

Interest rate: 6.00%

Fixed monthly payment: $3,207.45

Breakdown in the 1st month:
Interest portion: $2,674.88  –  Principal portion: $532.57

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $31,919.79 $6,569.56 $528,405.44
2 $31,514.59 $6,974.75 $521,430.69
3 $31,084.41 $7,404.94 $514,025.75
4 $30,627.69 $7,861.66 $506,164.09
5 $30,142.80 $8,346.55 $497,817.55
6 $29,628.00 $8,861.35 $488,956.20
7 $29,081.45 $9,407.89 $479,548.30
8 $28,501.19 $9,988.15 $469,560.15
9 $27,885.14 $10,604.20 $458,955.95
10 $27,231.10 $11,258.24 $447,697.71
11 $26,536.72 $11,952.63 $435,745.08
12 $25,799.51 $12,689.84 $423,055.24
13 $25,016.82 $13,472.52 $409,582.72
14 $24,185.87 $14,303.48 $395,279.24
15 $23,303.66 $15,185.68 $380,093.56
16 $22,367.04 $16,122.30 $363,971.25
17 $21,372.65 $17,116.69 $346,854.56
18 $20,316.93 $18,172.41 $328,682.15
19 $19,196.10 $19,293.25 $309,388.90
20 $18,006.13 $20,483.21 $288,905.69
21 $16,742.77 $21,746.57 $267,159.11
22 $15,401.49 $23,087.85 $244,071.26
23 $13,977.48 $24,511.86 $219,559.40
24 $12,465.65 $26,023.70 $193,535.70
25 $10,860.56 $27,628.78 $165,906.91
26 $9,156.48 $29,332.87 $136,574.05
27 $7,347.29 $31,142.05 $105,431.99
28 $5,426.52 $33,062.83 $72,369.16
29 $3,387.27 $35,102.07 $37,267.09
30 $1,222.25 $37,267.09 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Honor, MI


1500 sqft3900 sqft
Ø selling price$600,765$1,277,991
Ø fast selling$546,150$1,150,192
Ø high price sale$655,380$1,405,791

In 2026, houses in Honor, MI will be offered at an average price of $331 per square foot. A 1,500 sqft home priced at $600,765 is 24.01% more expensive per square foot than a 3,900 sqft home priced at $1,277,991. Home prices in Honor, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $884,764. Sellers who can wait longer may achieve a higher price of up to $1,081,378.


Discover Honor, MI

Honor, MI is a friendly village in Benzie County, set along US?31 near the clear waters of the Platte River and Platte Lake.

Known as a gateway to Sleeping Bear Dunes National Lakeshore, it offers quick access to beaches, forests, and towering dunes.

Outdoor Adventures

Paddlers love drifting the Platte River to Lake Michigan, while hikers explore scenic overlooks and nearby trail networks.

Anglers target steelhead and salmon runs, and the National Coho Salmon Festival celebrates the town?s fishing heritage each summer.
Nearby public lands invite camping, birding, snowshoeing, and cross?country skiing for four?season outdoor recreation.

Small?Town Attractions

For retro fun, the beloved Cherry Bowl Drive?In Theatre screens movies under the stars with classic 1950s flair.

Locally owned diners, farm stands, and craft beverage spots make downtown Honor a flavorful stop after a day outside.

Where to Stay and When to Visit

Visitors can choose cozy cabins, riverside cottages, family?friendly campgrounds, and affordable motels in and around town.

Summer brings warm?water paddling and sandy?beach days, while autumn lights up the M?22 corridor with brilliant fall color.

Winter is peaceful and budget?friendly, and Honor?s central location makes it easy to reach Frankfort, Empire, and Traverse City for additional attractions.



FAQ – Home Values in Honor

What is the median home value in Honor in 2026?

In 2026, the typical home value in Honor is about $534,975 for an average home size of 1620 square feet. This corresponds to an average price of roughly $331 per square foot.

What is the average cost per square foot in Honor?

In 2026, homes in Honor sell for an average of around $331 per square foot, with a typical range between $492 and $492 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Honor is about 1620 square feet, with an estimated 2026 value around $534,975.



Locations close to Honor, MI

Idlewild, MI63 $ / ft²
Interlochen, MI105 $ / ft²
Irons, MI128 $ / ft²
Hersey, MI108 $ / ft²
Harrietta, MI50 $ / ft²
Grawn, MI223 $ / ft²
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