House Prices

House Prices & Home Values Mackinac Island, MI 2026


Average Data

average house price$651,800
average size per house1667 ft²
average price per ft²392 $ / ft²

04/17/2026 - The value range (VR) for house prices in Mackinac Island, MI is $391/ sqft to $391/ sqft. An average home with 1667 sqft costs approximately $651,797 to $651,797. Mackinac Island, MI includes 1 ZIP codes and it is located in Mackinac county. The lowest prices are found in ZIP 49757, while the highest are in ZIP 49757. The average price per sqare feet is $392. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Mackinac Island

49757405 $ / ft²




Historical development of home values in Mackinac Island

Year Estimated value (USD) Change vs. 2025
2010 $302,708 -53.6%
2011 $291,002 -55.4%
2012 $290,218 -55.5%
2013 $301,066 -53.8%
2014 $316,036 -51.5%
2015 $332,257 -49.0%
2016 $349,596 -46.4%
2017 $368,465 -43.5%
2018 $388,836 -40.3%
2019 $406,865 -37.6%
2020 $427,899 -34.4%
2021 $486,688 -25.3%
2022 $567,369 -13.0%
2023 $598,317 -8.2%
2024 $632,931 -2.9%
2025 $651,800 0.0%

Graph: estimated home values in Mackinac Island over time (USD)



Example: 100% financing house in Mackinac Island

Loan amount: $651,800

Interest rate: 6.00%

Fixed monthly payment: $3,907.87

Breakdown in the 1st month:
Interest portion: $3,259.00  –  Principal portion: $648.87

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $38,890.26 $8,004.18 $643,795.82
2 $38,396.58 $8,497.86 $635,297.96
3 $37,872.45 $9,021.99 $626,275.97
4 $37,316.00 $9,578.45 $616,697.52
5 $36,725.22 $10,169.22 $606,528.30
6 $36,098.00 $10,796.44 $595,731.86
7 $35,432.10 $11,462.34 $584,269.52
8 $34,725.13 $12,169.31 $572,100.20
9 $33,974.55 $12,919.89 $559,180.32
10 $33,177.68 $13,716.76 $545,463.56
11 $32,331.66 $14,562.78 $530,900.78
12 $31,433.46 $15,460.98 $515,439.80
13 $30,479.86 $16,414.58 $499,025.22
14 $29,467.45 $17,426.99 $481,598.22
15 $28,392.59 $18,501.85 $463,096.37
16 $27,251.44 $19,643.01 $443,453.36
17 $26,039.90 $20,854.55 $422,598.82
18 $24,753.64 $22,140.81 $400,458.01
19 $23,388.04 $23,506.40 $376,951.60
20 $21,938.22 $24,956.23 $351,995.38
21 $20,398.97 $26,495.47 $325,499.90
22 $18,764.79 $28,129.66 $297,370.25
23 $17,029.81 $29,864.63 $267,505.61
24 $15,187.83 $31,706.62 $235,799.00
25 $13,232.23 $33,662.21 $202,136.78
26 $11,156.02 $35,738.42 $166,398.36
27 $8,951.75 $37,942.69 $128,455.67
28 $6,611.53 $40,282.91 $88,172.76
29 $4,126.97 $42,767.48 $45,405.28
30 $1,489.16 $45,405.28 $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 Mackinac Island, MI


1500 sqft3900 sqft
Ø selling price$711,480$1,513,513
Ø fast selling$646,800$1,362,161
Ø high price sale$776,161$1,664,864

In 2026, houses in Mackinac Island, MI will be offered at an average price of $392 per square foot. A 1,500 sqft home priced at $711,480 is 23.78% more expensive per square foot than a 3,900 sqft home priced at $1,513,513. Home prices in Mackinac Island, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $1,047,817. Sellers who can wait longer may achieve a higher price of up to $1,280,664.


Guide to Mackinac Island, Michigan


Overview

Mackinac Island, Michigan is a car-free getaway in Lake Huron known for Victorian charm and scenic shoreline.

Accessible by ferry across the Straits of Mackinac, the island blends historic landmarks with natural beauty.

Stroll past colorful cottages, fragrant lilacs, and shops selling the island?s legendary fudge.

Top Things to Do

Tour the iconic Grand Hotel and admire its famed front porch and sweeping water views.

Cycle the 8.2-mile M-185 loop or take a horse-drawn carriage to Arch Rock and other photo-worthy overlooks.

History buffs can explore Fort Mackinac, maritime exhibits, and preserved cottages that tell the story of the Great Lakes.

Foodies will find lake-to-table dining, creamy fudge shops, and patios perfect for sunset views over Lake Huron.

Planning Your Visit

Peak season runs late spring through early fall, when ferries are frequent and biking trails are in prime condition.

Stay in quaint inns downtown or book a bluff-top room for sunrise vistas across the Straits of Mackinac.

Book ferries and lodging early, pack layers for breezy shoreline weather, and leave the car behind to embrace the island?s timeless pace.



FAQ – Home Values in Mackinac Island

What is the median home value in Mackinac Island in 2026?

In 2026, the typical home value in Mackinac Island is about $651,800 for an average home size of 1667 square feet. This corresponds to an average price of roughly $392 per square foot.

What is the average cost per square foot in Mackinac Island?

In 2026, homes in Mackinac Island sell for an average of around $392 per square foot, with a typical range between $391 and $391 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 Mackinac Island is about 1667 square feet, with an estimated 2026 value around $651,800.



Locations close to Mackinac Island, MI

Millersburg, MI104 $ / ft²
Moran, MI139 $ / ft²
Naubinway, MI158 $ / ft²
Lewiston, MI82 $ / ft²
Levering, MI144 $ / ft²
Lachine, MI108 $ / ft²




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