House Prices

House Prices & Home Values Toivola, MI 2026


Average Data

average house price$324,775
average size per house1869 ft²
average price per ft²174 $ / ft²

04/22/2026 - The value range (VR) for house prices in Toivola, MI is $101/ sqft to $101/ sqft. An average home with 1869 sqft costs approximately $188,769 to $188,769. Toivola, MI includes 1 ZIP codes and it is located in Houghton county. The lowest prices are found in ZIP 49965, while the highest are in ZIP 49965. The average price per sqare feet is $174. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Toivola

4996595 $ / ft²




Historical development of home values in Toivola

Year Estimated value (USD) Change vs. 2025
2010 $150,831 -53.6%
2011 $144,999 -55.4%
2012 $144,608 -55.5%
2013 $150,013 -53.8%
2014 $157,473 -51.5%
2015 $165,555 -49.0%
2016 $174,195 -46.4%
2017 $183,597 -43.5%
2018 $193,747 -40.3%
2019 $202,731 -37.6%
2020 $213,211 -34.4%
2021 $242,504 -25.3%
2022 $282,705 -13.0%
2023 $298,126 -8.2%
2024 $315,373 -2.9%
2025 $324,775 0.0%

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



Example: 100% financing house in Toivola

Loan amount: $324,775

Interest rate: 6.00%

Fixed monthly payment: $1,947.19

Breakdown in the 1st month:
Interest portion: $1,623.88  –  Principal portion: $323.32

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,378.01 $3,988.28 $320,786.72
2 $19,132.02 $4,234.26 $316,552.46
3 $18,870.86 $4,495.42 $312,057.04
4 $18,593.59 $4,772.69 $307,284.35
5 $18,299.22 $5,067.06 $302,217.29
6 $17,986.70 $5,379.59 $296,837.70
7 $17,654.90 $5,711.39 $291,126.32
8 $17,302.63 $6,063.65 $285,062.66
9 $16,928.64 $6,437.65 $278,625.02
10 $16,531.58 $6,834.70 $271,790.31
11 $16,110.03 $7,256.25 $264,534.06
12 $15,662.48 $7,703.80 $256,830.25
13 $15,187.32 $8,178.96 $248,651.30
14 $14,682.86 $8,683.42 $239,967.88
15 $14,147.29 $9,218.99 $230,748.88
16 $13,578.68 $9,787.60 $220,961.28
17 $12,975.00 $10,391.28 $210,570.01
18 $12,334.09 $11,032.19 $199,537.82
19 $11,653.65 $11,712.63 $187,825.19
20 $10,931.24 $12,435.04 $175,390.15
21 $10,164.28 $13,202.01 $162,188.14
22 $9,350.01 $14,016.28 $148,171.86
23 $8,485.51 $14,880.77 $133,291.09
24 $7,567.70 $15,798.58 $117,492.51
25 $6,593.28 $16,773.01 $100,719.51
26 $5,558.75 $17,807.53 $82,911.98
27 $4,460.43 $18,905.86 $64,006.12
28 $3,294.35 $20,071.93 $43,934.19
29 $2,056.36 $21,309.92 $22,624.27
30 $742.01 $22,624.27 $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 Toivola, MI


1500 sqft3900 sqft
Ø selling price$315,810$671,814
Ø fast selling$287,100$604,633
Ø high price sale$344,520$738,996

In 2026, houses in Toivola, MI will be offered at an average price of $174 per square foot. A 1,500 sqft home priced at $315,810 is 21.55% more expensive per square foot than a 3,900 sqft home priced at $671,814. Home prices in Toivola, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $465,103. Sellers who can wait longer may achieve a higher price of up to $568,459.


Discover Toivola, MI

Toivola, MI is a quiet unincorporated community in Michigan?s western Upper Peninsula, known for towering forests, inland lakes, and a peaceful rural character.

Travelers use it as a base to explore the broader Keweenaw Peninsula and the rugged shores of Lake Superior.


Location and Landscape

Situated in Houghton County, Toivola sits among rolling hardwoods and conifers that blaze with color each fall.

The area?s clean air, dark skies, and low traffic make scenic drives and stargazing especially rewarding.


History and Culture

Local heritage reflects the Upper Peninsula?s copper-mining era and the influence of Finnish and other immigrant communities.

Small-town events, churches, and seasonal gatherings foster a welcoming, close-knit atmosphere.


Outdoor Recreation

Outdoor enthusiasts come for hiking, fishing, hunting, berry picking, and winter adventures like snowshoeing and snowmobiling.

Nearby public lands and trails provide easy access to quiet beaches, birding hotspots, and serene forest routes.


Visiting Tips and Local Economy

Lodging options range from rustic cabins to motels in neighboring towns, with regional eateries highlighting hearty UP fare and fresh local ingredients.

Whether you are road-tripping the Keweenaw or seeking solitude under northern skies, Toivola, Michigan offers a restful gateway to authentic Upper Peninsula experiences.



FAQ – Home Values in Toivola

What is the median home value in Toivola in 2026?

In 2026, the typical home value in Toivola is about $324,775 for an average home size of 1869 square feet. This corresponds to an average price of roughly $174 per square foot.

What is the average cost per square foot in Toivola?

In 2026, homes in Toivola sell for an average of around $174 per square foot, with a typical range between $101 and $101 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 Toivola is about 1869 square feet, with an estimated 2026 value around $324,775.



Locations close to Toivola, MI

Trout Creek, MI81 $ / ft²
Wakefield, MI126 $ / ft²
Watersmeet, MI311 $ / ft²
South Range, MI53 $ / ft²
Skanee, MI161 $ / ft²
Sidnaw, MI281 $ / ft²




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