House Prices

House Prices & Home Values Grayling, MI 2026


Average Data

average house price$96,284
average size per house1199 ft²
average price per ft²81 $ / ft²

04/15/2026 - The value range (VR) for house prices in Grayling, MI is $88/ sqft to $88/ sqft. An average home with 1199 sqft costs approximately $105,512 to $105,512. Grayling, MI includes 1 ZIP codes and it is located in Crawford county. The lowest prices are found in ZIP 49738, while the highest are in ZIP 49738. The average price per sqare feet is $81. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Grayling

4973895 $ / ft²




Historical development of home values in Grayling

Year Estimated value (USD) Change vs. 2025
2010 $44,716 -53.6%
2011 $42,987 -55.4%
2012 $42,871 -55.5%
2013 $44,474 -53.8%
2014 $46,685 -51.5%
2015 $49,081 -49.0%
2016 $51,642 -46.4%
2017 $54,430 -43.5%
2018 $57,439 -40.3%
2019 $60,102 -37.6%
2020 $63,209 -34.4%
2021 $71,894 -25.3%
2022 $83,812 -13.0%
2023 $88,384 -8.2%
2024 $93,497 -2.9%
2025 $96,284 0.0%

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



Example: 100% financing house in Grayling

Loan amount: $96,284

Interest rate: 6.00%

Fixed monthly payment: $577.27

Breakdown in the 1st month:
Interest portion: $481.42  –  Principal portion: $95.85

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $5,744.88 $1,182.38 $95,101.62
2 $5,671.95 $1,255.31 $93,846.32
3 $5,594.52 $1,332.73 $92,513.59
4 $5,512.33 $1,414.93 $91,098.66
5 $5,425.06 $1,502.20 $89,596.46
6 $5,332.40 $1,594.85 $88,001.61
7 $5,234.04 $1,693.22 $86,308.39
8 $5,129.60 $1,797.65 $84,510.73
9 $5,018.73 $1,908.53 $82,602.21
10 $4,901.01 $2,026.24 $80,575.96
11 $4,776.04 $2,151.22 $78,424.75
12 $4,643.36 $2,283.90 $76,140.85
13 $4,502.49 $2,424.76 $73,716.08
14 $4,352.94 $2,574.32 $71,141.77
15 $4,194.16 $2,733.10 $68,408.67
16 $4,025.59 $2,901.67 $65,507.00
17 $3,846.62 $3,080.64 $62,426.36
18 $3,656.61 $3,270.64 $59,155.72
19 $3,454.88 $3,472.37 $55,683.35
20 $3,240.72 $3,686.54 $51,996.81
21 $3,013.34 $3,913.92 $48,082.90
22 $2,771.94 $4,155.32 $43,927.58
23 $2,515.65 $4,411.61 $39,515.97
24 $2,243.55 $4,683.71 $34,832.27
25 $1,954.67 $4,972.59 $29,859.68
26 $1,647.97 $5,279.29 $24,580.39
27 $1,322.35 $5,604.90 $18,975.49
28 $976.66 $5,950.60 $13,024.89
29 $609.64 $6,317.62 $6,707.28
30 $219.98 $6,707.28 $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 Grayling, MI


1500 sqft3900 sqft
Ø selling price$147,015$312,741
Ø fast selling$133,650$281,467
Ø high price sale$160,380$344,016

In 2026, houses in Grayling, MI will be offered at an average price of $81 per square foot. A 1,500 sqft home priced at $147,015 is 24.77% more expensive per square foot than a 3,900 sqft home priced at $312,741. Home prices in Grayling, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $216,514. Sellers who can wait longer may achieve a higher price of up to $264,628.


Discover Grayling, MI

Grayling, MI is a classic Northern Michigan gateway known for pristine forests, clear waters, and friendly small-town charm.
Centered on the world-famous Au Sable River, the city draws anglers for blue-ribbon trout fishing and paddlers for serene canoeing and kayaking. Visitors love nearby Hartwick Pines State Park, where towering old-growth pines, shaded trails, and the Logging Museum showcase the region?s natural and cultural heritage.

Outdoor Adventures and Nature

Outdoor recreation thrives year-round, with hiking and biking in summer, vibrant fall color tours, and winter cross-country skiing and snowmobiling on groomed trails.
Downtown Grayling features locally owned shops, craft breweries, and cozy restaurants serving Michigan-made fare after a day on the water or in the woods. Family-friendly lodging ranges from riverside cabins and campgrounds to comfortable hotels, making trip planning easy for weekend escapes or longer stays.

Events and Wildlife

Signature events like the AuSable River Canoe Marathon and seasonal festivals energize the community and offer authentic Northern Michigan experiences.
Wildlife viewing is exceptional, with chances to spot bald eagles, whitetail deer, and the namesake grayling fish now celebrated in conservation stories.

Access and Trip Planning

Located just off I-75, Grayling provides convenient access to other Up North destinations while retaining a relaxed, affordable, and welcoming vibe.
Whether you?re chasing trout, seeking forest solitude, or planning a family vacation, Grayling, MI delivers pure Michigan adventure with small-town hospitality.



FAQ – Home Values in Grayling

What is the median home value in Grayling in 2026?

In 2026, the typical home value in Grayling is about $96,284 for an average home size of 1199 square feet. This corresponds to an average price of roughly $81 per square foot.

What is the average cost per square foot in Grayling?

In 2026, homes in Grayling sell for an average of around $81 per square foot, with a typical range between $88 and $88 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 Grayling is about 1199 square feet, with an estimated 2026 value around $96,284.



Locations close to Grayling, MI

Harbor Springs, MI190 $ / ft²
Hawks, MI78 $ / ft²
Herron, MI167 $ / ft²
Goetzville, MI115 $ / ft²
Gaylord, MI82 $ / ft²
Frederic, MI97 $ / ft²
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