House Prices

House Prices & Home Values Newberry, MI 2026


Average Data

average house price$126,175
average size per house1629 ft²
average price per ft²78 $ / ft²

04/18/2026 - The value range (VR) for house prices in Newberry, MI is $91/ sqft to $91/ sqft. An average home with 1629 sqft costs approximately $148,239 to $148,239. Newberry, MI includes 1 ZIP codes and it is located in Luce county. The lowest prices are found in ZIP 49868, while the highest are in ZIP 49868. The average price per sqare feet is $78. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Newberry

4986890 $ / ft²




Historical development of home values in Newberry

Year Estimated value (USD) Change vs. 2025
2010 $58,598 -53.6%
2011 $56,332 -55.4%
2012 $56,180 -55.5%
2013 $58,280 -53.8%
2014 $61,178 -51.5%
2015 $64,318 -49.0%
2016 $67,675 -46.4%
2017 $71,327 -43.5%
2018 $75,271 -40.3%
2019 $78,761 -37.6%
2020 $82,832 -34.4%
2021 $94,213 -25.3%
2022 $109,831 -13.0%
2023 $115,822 -8.2%
2024 $122,522 -2.9%
2025 $126,175 0.0%

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



Example: 100% financing house in Newberry

Loan amount: $126,175

Interest rate: 6.00%

Fixed monthly payment: $756.48

Breakdown in the 1st month:
Interest portion: $630.88  –  Principal portion: $125.61

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,528.35 $1,549.44 $124,625.56
2 $7,432.78 $1,645.01 $122,980.55
3 $7,331.32 $1,746.47 $121,234.08
4 $7,223.61 $1,854.19 $119,379.89
5 $7,109.24 $1,968.55 $117,411.33
6 $6,987.83 $2,089.97 $115,321.37
7 $6,858.92 $2,218.87 $113,102.50
8 $6,722.07 $2,355.73 $110,746.77
9 $6,576.77 $2,501.02 $108,245.74
10 $6,422.51 $2,655.28 $105,590.46
11 $6,258.74 $2,819.05 $102,771.41
12 $6,084.87 $2,992.93 $99,778.48
13 $5,900.27 $3,177.52 $96,600.96
14 $5,704.29 $3,373.51 $93,227.46
15 $5,496.22 $3,581.58 $89,645.88
16 $5,275.31 $3,802.48 $85,843.40
17 $5,040.79 $4,037.01 $81,806.39
18 $4,791.79 $4,286.00 $77,520.39
19 $4,527.44 $4,550.35 $72,970.03
20 $4,246.78 $4,831.01 $68,139.02
21 $3,948.82 $5,128.98 $63,010.05
22 $3,632.47 $5,445.32 $57,564.73
23 $3,296.62 $5,781.18 $51,783.55
24 $2,940.05 $6,137.75 $45,645.81
25 $2,561.49 $6,516.31 $39,129.50
26 $2,159.57 $6,918.22 $32,211.28
27 $1,732.87 $7,344.92 $24,866.36
28 $1,279.86 $7,797.94 $17,068.42
29 $798.90 $8,278.90 $8,789.52
30 $288.27 $8,789.52 $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 Newberry, MI


1500 sqft3900 sqft
Ø selling price$141,571$301,158
Ø fast selling$128,701$271,043
Ø high price sale$154,440$331,274

In 2026, houses in Newberry, MI will be offered at an average price of $78 per square foot. A 1,500 sqft home priced at $141,571 is 22.52% more expensive per square foot than a 3,900 sqft home priced at $301,158. Home prices in Newberry, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $208,495. Sellers who can wait longer may achieve a higher price of up to $254,827.


Newberry, MI Travel Guide

Gateway to Upper Peninsula Adventure

Nestled in Michigan?s Upper Peninsula, Newberry, MI is a small town with big access to wild forests, clear lakes, and endless trails. As the seat of Luce County and a friendly basecamp, Newberry blends Northwoods charm with practical amenities for travelers. Its central location along M?28 and M?123 makes it a convenient hub for exploring the eastern U.P.

Top Attractions and Outdoor Activities

Just minutes away, Tahquamenon Falls State Park offers spectacular hiking, river overlooks, and year?round photography opportunities. Families love stops like Oswald?s Bear Ranch, while anglers, paddlers, and birders fan out to nearby rivers, inland lakes, and quiet wetlands.
Winter transforms Newberry into the self?proclaimed Snowmobile Capital of the U.P., with groomed trails, deep lake?effect snow, and cozy lodges. Fall color tours, dark?sky stargazing, and the chance to glimpse the Northern Lights add four?season appeal.

Where to Stay, Eat, and Plan Your Trip

Downtown Newberry features local diners, outfitters, and shops, plus lodging options that range from rustic cabins to pet?friendly motels. History buffs can explore the region?s logging heritage and small museums, while road?trippers pair Newberry with day trips to Whitefish Point, the Shipwreck Museum, and Seney National Wildlife Refuge. Whether you?re planning a quiet weekend or a full Upper Peninsula itinerary, choose Newberry, Michigan for affordable adventure, uncrowded nature, and authentic small?town hospitality.



FAQ – Home Values in Newberry

What is the median home value in Newberry in 2026?

In 2026, the typical home value in Newberry is about $126,175 for an average home size of 1629 square feet. This corresponds to an average price of roughly $78 per square foot.

What is the average cost per square foot in Newberry?

In 2026, homes in Newberry sell for an average of around $78 per square foot, with a typical range between $91 and $91 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 Newberry is about 1629 square feet, with an estimated 2026 value around $126,175.



Locations close to Newberry, MI

Norway, MI69 $ / ft²
Palmer, MI61 $ / ft²
Perkins, MI181 $ / ft²
Negaunee, MI134 $ / ft²
Nahma, MI224 $ / ft²
Nadeau, MI115 $ / ft²
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