House Prices

House Prices & Home Values Indian River, MI 2026


Average Data

average house price$383,843
average size per house2239 ft²
average price per ft²172 $ / ft²

04/15/2026 - The value range (VR) for house prices in Indian River, MI is $171/ sqft to $171/ sqft. An average home with 2239 sqft costs approximately $382,869 to $382,869. Indian River, MI includes 1 ZIP codes and it is located in Cheboygan county. The lowest prices are found in ZIP 49749, while the highest are in ZIP 49749. The average price per sqare feet is $172. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Indian River

49749180 $ / ft²




Historical development of home values in Indian River

Year Estimated value (USD) Change vs. 2025
2010 $178,264 -53.6%
2011 $171,370 -55.4%
2012 $170,909 -55.5%
2013 $177,297 -53.8%
2014 $186,113 -51.5%
2015 $195,665 -49.0%
2016 $205,876 -46.4%
2017 $216,988 -43.5%
2018 $228,984 -40.3%
2019 $239,602 -37.6%
2020 $251,988 -34.4%
2021 $286,609 -25.3%
2022 $334,122 -13.0%
2023 $352,347 -8.2%
2024 $372,731 -2.9%
2025 $383,843 0.0%

Graph: estimated home values in Indian River over time (USD)



Example: 100% financing house in Indian River

Loan amount: $383,843

Interest rate: 6.00%

Fixed monthly payment: $2,301.33

Breakdown in the 1st month:
Interest portion: $1,919.22  –  Principal portion: $382.12

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,902.36 $4,713.64 $379,129.36
2 $22,611.63 $5,004.36 $374,125.00
3 $22,302.97 $5,313.02 $368,811.98
4 $21,975.28 $5,640.72 $363,171.26
5 $21,627.37 $5,988.62 $357,182.63
6 $21,258.00 $6,357.99 $350,824.64
7 $20,865.86 $6,750.14 $344,074.51
8 $20,449.52 $7,166.47 $336,908.04
9 $20,007.51 $7,608.48 $329,299.55
10 $19,538.24 $8,077.76 $321,221.80
11 $19,040.02 $8,575.98 $312,645.82
12 $18,511.07 $9,104.92 $303,540.90
13 $17,949.50 $9,666.49 $293,874.40
14 $17,353.29 $10,262.70 $283,611.70
15 $16,720.31 $10,895.68 $272,716.02
16 $16,048.29 $11,567.71 $261,148.31
17 $15,334.82 $12,281.18 $248,867.13
18 $14,577.34 $13,038.65 $235,828.48
19 $13,773.14 $13,842.85 $221,985.63
20 $12,919.35 $14,696.65 $207,288.99
21 $12,012.89 $15,603.10 $191,685.88
22 $11,050.53 $16,565.47 $175,120.42
23 $10,028.80 $17,587.19 $157,533.23
24 $8,944.06 $18,671.93 $138,861.30
25 $7,792.42 $19,823.57 $119,037.73
26 $6,569.75 $21,046.25 $97,991.48
27 $5,271.66 $22,344.33 $75,647.15
28 $3,893.51 $23,722.48 $51,924.66
29 $2,430.36 $25,185.63 $26,739.03
30 $876.96 $26,739.03 $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 Indian River, MI


1500 sqft3900 sqft
Ø selling price$312,180$664,092
Ø fast selling$283,800$597,683
Ø high price sale$340,560$730,502

In 2026, houses in Indian River, MI will be offered at an average price of $172 per square foot. A 1,500 sqft home priced at $312,180 is 24.15% more expensive per square foot than a 3,900 sqft home priced at $664,092. Home prices in Indian River, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $459,757. Sellers who can wait longer may achieve a higher price of up to $561,925.


Experience Indian River, MI

Indian River, MI is a scenic Northern Michigan town in Cheboygan County known for year-round outdoor fun. Nestled between Burt Lake and Mullett Lake, it anchors the famous Inland Waterway for boating, kayaking, and fishing adventures. Summer visitors enjoy sandy swimming areas, marinas, and sunset cruises, while fall color drives showcase vibrant hardwoods along quiet backroads.

Outdoor Recreation

When snow arrives, Indian River Michigan transforms into a snowmobiling hub with direct access to the groomed North Central State Trail.
Hikers and cyclists find scenic miles on the trail in warmer months, plus nearby state parks and nature preserves with wildlife viewing. Anglers target walleye, trout, and bass in the connected lakes and rivers, and paddlers appreciate calm channels ideal for families.

Attractions and Downtown

Top attractions include the towering Cross in the Woods Shrine, community festivals, and a welcoming downtown with shops, outfitters, and galleries.
Locally loved restaurants serve fresh Great Lakes fare and comfort food, and lodging ranges from cozy cabins and resorts to RV campgrounds.

Planning Your Visit

Located just off I-75, Indian River, MI makes an easy base for day trips to Mackinaw City, Petoskey, and other Northern Michigan destinations. Plan your visit with weather-aware packing, advance marina or snowmobile rentals, and flexible itineraries that maximize waterfront sunsets and small-town charm.



FAQ – Home Values in Indian River

What is the median home value in Indian River in 2026?

In 2026, the typical home value in Indian River is about $383,843 for an average home size of 2239 square feet. This corresponds to an average price of roughly $172 per square foot.

What is the average cost per square foot in Indian River?

In 2026, homes in Indian River sell for an average of around $172 per square foot, with a typical range between $171 and $171 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 Indian River is about 2239 square feet, with an estimated 2026 value around $383,843.



Locations close to Indian River, MI

Johannesburg, MI111 $ / ft²
Kinross, MI82 $ / ft²
Lachine, MI108 $ / ft²
Hulbert, MI131 $ / ft²
Hubbard Lake, MI104 $ / ft²
Hillman, MI188 $ / ft²




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