House Prices

House Prices & Home Values Erie, MI 2026


Average Data

average house price$158,619
average size per house1354 ft²
average price per ft²118 $ / ft²

06/10/2026 - The value range (VR) for house prices in Erie, MI is $125/ sqft to $125/ sqft. An average home with 1354 sqft costs approximately $169,250 to $169,250. Erie, MI includes 1 ZIP codes and it is located in Monroe county. The lowest prices are found in ZIP 48133, while the highest are in ZIP 48133. The average price per sqare feet is $118. Our analysis is based on 64 property listings.

Avergage prices by ZIP codes Erie

48133128 $ / ft²


House prices by neighborhoods in Erie

Alexis123 $ / ft²
Erie137 $ / ft²
Lost Peninsula128 $ / ft²




Historical development of home values in Erie

Year Estimated value (USD) Change vs. 2025
2010 $73,666 -53.6%
2011 $70,817 -55.4%
2012 $70,626 -55.5%
2013 $73,266 -53.8%
2014 $76,909 -51.5%
2015 $80,856 -49.0%
2016 $85,076 -46.4%
2017 $89,668 -43.5%
2018 $94,625 -40.3%
2019 $99,013 -37.6%
2020 $104,131 -34.4%
2021 $118,438 -25.3%
2022 $138,072 -13.0%
2023 $145,604 -8.2%
2024 $154,027 -2.9%
2025 $158,619 0.0%

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



Example: 100% financing house in Erie

Loan amount: $158,619

Interest rate: 6.00%

Fixed monthly payment: $951.00

Breakdown in the 1st month:
Interest portion: $793.10  –  Principal portion: $157.91

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,464.15 $1,947.86 $156,671.14
2 $9,344.01 $2,068.00 $154,603.14
3 $9,216.46 $2,195.55 $152,407.59
4 $9,081.05 $2,330.97 $150,076.63
5 $8,937.28 $2,474.73 $147,601.89
6 $8,784.64 $2,627.37 $144,974.52
7 $8,622.59 $2,789.42 $142,185.10
8 $8,450.55 $2,961.47 $139,223.63
9 $8,267.89 $3,144.12 $136,079.51
10 $8,073.97 $3,338.05 $132,741.46
11 $7,868.08 $3,543.93 $129,197.53
12 $7,649.50 $3,762.51 $125,435.02
13 $7,417.44 $3,994.58 $121,440.44
14 $7,171.06 $4,240.95 $117,199.49
15 $6,909.49 $4,502.52 $112,696.97
16 $6,631.78 $4,780.23 $107,916.74
17 $6,336.95 $5,075.06 $102,841.67
18 $6,023.93 $5,388.08 $97,453.59
19 $5,691.60 $5,720.41 $91,733.18
20 $5,338.78 $6,073.23 $85,659.95
21 $4,964.20 $6,447.81 $79,212.13
22 $4,566.51 $6,845.50 $72,366.63
23 $4,144.30 $7,267.72 $65,098.92
24 $3,696.04 $7,715.97 $57,382.94
25 $3,220.13 $8,191.88 $49,191.06
26 $2,714.88 $8,697.14 $40,493.93
27 $2,178.46 $9,233.56 $31,260.37
28 $1,608.95 $9,803.06 $21,457.31
29 $1,004.32 $10,407.69 $11,049.62
30 $362.40 $11,049.62 $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 Erie, MI


1500 sqft3900 sqft
Ø selling price$214,171$455,599
Ø fast selling$194,701$410,039
Ø high price sale$233,641$501,158

In 2026, houses in Erie, MI will be offered at an average price of $118 per square foot. A 1,500 sqft home priced at $214,171 is 23.46% more expensive per square foot than a 3,900 sqft home priced at $455,599. Home prices in Erie, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $315,414. Sellers who can wait longer may achieve a higher price of up to $385,507.

FAQ – Home Values in Erie

What is the median home value in Erie in 2026?

In 2026, the typical home value in Erie is about $158,619 for an average home size of 1354 square feet. This corresponds to an average price of roughly $118 per square foot.

What is the average cost per square foot in Erie?

In 2026, homes in Erie sell for an average of around $118 per square foot, with a typical range between $125 and $125 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 Erie is about 1354 square feet, with an estimated 2026 value around $158,619.



Locations close to Erie, MI

Flat Rock, MI200 $ / ft²
Garden City, MI139 $ / ft²
Gregory, MI119 $ / ft²
Dundee, MI131 $ / ft²
Dexter, MI184 $ / ft²
Dearborn Heights, MI104 $ / ft²
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