House Prices

House Prices & Home Values Hancock, MI 2026


Average Data

average house price$144,634
average size per house1652 ft²
average price per ft²88 $ / ft²

04/21/2026 - The value range (VR) for house prices in Hancock, MI is $107/ sqft to $107/ sqft. An average home with 1652 sqft costs approximately $176,764 to $176,764. Hancock, MI includes 1 ZIP codes and it is located in Houghton county. The lowest prices are found in ZIP 49930, while the highest are in ZIP 49930. The average price per sqare feet is $88. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Hancock

49930107 $ / ft²




Historical development of home values in Hancock

Year Estimated value (USD) Change vs. 2025
2010 $67,171 -53.6%
2011 $64,573 -55.4%
2012 $64,399 -55.5%
2013 $66,806 -53.8%
2014 $70,128 -51.5%
2015 $73,728 -49.0%
2016 $77,575 -46.4%
2017 $81,762 -43.5%
2018 $86,282 -40.3%
2019 $90,283 -37.6%
2020 $94,950 -34.4%
2021 $107,996 -25.3%
2022 $125,899 -13.0%
2023 $132,766 -8.2%
2024 $140,447 -2.9%
2025 $144,634 0.0%

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



Example: 100% financing house in Hancock

Loan amount: $144,634

Interest rate: 6.00%

Fixed monthly payment: $867.15

Breakdown in the 1st month:
Interest portion: $723.17  â€“  Principal portion: $143.98

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,629.72 $1,776.12 $142,857.88
2 $8,520.18 $1,885.67 $140,972.21
3 $8,403.87 $2,001.97 $138,970.23
4 $8,280.40 $2,125.45 $136,844.78
5 $8,149.30 $2,256.54 $134,588.24
6 $8,010.12 $2,395.72 $132,192.52
7 $7,862.36 $2,543.49 $129,649.03
8 $7,705.48 $2,700.36 $126,948.67
9 $7,538.93 $2,866.92 $124,081.75
10 $7,362.11 $3,043.74 $121,038.01
11 $7,174.38 $3,231.47 $117,806.54
12 $6,975.07 $3,430.78 $114,375.76
13 $6,763.46 $3,642.38 $110,733.37
14 $6,538.81 $3,867.04 $106,866.34
15 $6,300.30 $4,105.55 $102,760.79
16 $6,047.08 $4,358.77 $98,402.01
17 $5,778.24 $4,627.61 $93,774.40
18 $5,492.82 $4,913.03 $88,861.37
19 $5,189.79 $5,216.06 $83,645.32
20 $4,868.08 $5,537.77 $78,107.55
21 $4,526.52 $5,879.33 $72,228.22
22 $4,163.89 $6,241.95 $65,986.27
23 $3,778.90 $6,626.94 $59,359.32
24 $3,370.17 $7,035.68 $52,323.65
25 $2,936.22 $7,469.62 $44,854.02
26 $2,475.51 $7,930.33 $36,923.69
27 $1,986.39 $8,419.46 $28,504.23
28 $1,467.09 $8,938.75 $19,565.48
29 $915.77 $9,490.08 $10,075.40
30 $330.44 $10,075.40 $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 Hancock, MI


1500 sqft3900 sqft
Ø selling price$159,720$339,768
Ø fast selling$145,200$305,792
Ø high price sale$174,240$373,745

In 2026, houses in Hancock, MI will be offered at an average price of $88 per square foot. A 1,500 sqft home priced at $159,720 is 22.91% more expensive per square foot than a 3,900 sqft home priced at $339,768. Home prices in Hancock, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $235,225. Sellers who can wait longer may achieve a higher price of up to $287,497.


Discover Hancock, MI

Located on the Keweenaw Peninsula of Michigan?s Upper Peninsula, Hancock, MI offers small-town charm with big-lake adventure.
Set along Portage Lake and facing Houghton across the iconic Portage Lake Lift Bridge, the city is a gateway to Lake Superior and endless outdoor recreation.

Location & Heritage

Hancock?s Finnish heritage is celebrated throughout its historic downtown and in annual cultural events like Heikinpäivä.
The community?s educational legacy includes the former Finlandia University campus, while nearby Michigan Technological University adds energy and innovation across the water.
Architecture from the copper boom era connects Hancock to the broader Keweenaw National Historical Park story.

Things to Do

Visitors explore the dramatic Quincy Mine, stroll the waterfront, and hit trails for hiking, biking, and world-class Nordic and alpine skiing.
With some of the Midwest?s highest snowfall, winter brings pristine powder, fat biking, and vivid Northern Lights displays on clear nights.
Summer delivers sandy beaches, kayaking on Portage Lake, and scenic drives that reveal rugged Lake Superior shorelines and lighthouse views.

Plan Your Visit

Local breweries, cafes, and restaurants showcase Yooper flavors, from fresh fish to hearty pasties made for adventurers.
Whether you?re planning a weekend getaway or scouting a remote-work base, Hancock, Michigan rewards every season with authentic character, affordability, and unforgettable scenery.



FAQ – Home Values in Hancock

What is the median home value in Hancock in 2026?

In 2026, the typical home value in Hancock is about $144,634 for an average home size of 1652 square feet. This corresponds to an average price of roughly $88 per square foot.

What is the average cost per square foot in Hancock?

In 2026, homes in Hancock sell for an average of around $88 per square foot, with a typical range between $107 and $107 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 Hancock is about 1652 square feet, with an estimated 2026 value around $144,634.



Locations close to Hancock, MI

Houghton, MI192 $ / ft²
Hubbell, MI28 $ / ft²
Iron River, MI48 $ / ft²
Greenland, MI141 $ / ft²
Gaastra, MI73 $ / ft²
Ewen, MI115 $ / ft²
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