Real Estate Price Maphome prices by county

Luce County, MI home prices

Luce County, MI: the typical home is worth $135,888 as of 2026-05, down -1.7% over the past year and n/a since 2000. Listings run about $142/sq ft. Rent…

Data as of · by the Real Estate Price Map data team · methodology & sources

Luce County is falling and undervalued — very affordable for what people here earn.

Momentum-1.7%Falling
Valuation-30%Undervalued
Affordability10/10Very affordable
Market32 daysSeller's market

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1998: $103,736 → 2026: $135,888 (1.3×) pre-2000 estimated via FHFA index

Typical value$135,8882026-05
1-year-1.7%
5-year+7.4%
10-year+21.5%
Since 2000n/a
Population6,3282024
Median income$51,6642023 · 2.6× income
New homes/yr92024
Price / sq ft$142listings
Days on market322026-06
Active listings342026-06
Price cuts9%of listings

Market read

At $135,888, homes in Luce County sit 41% below the Michigan median ($228,626) and 42% below the US median ($233,954). That ranks #81 of 83 Michigan counties by price.

Prices are cooling (-1.7% in the last year) — leaning buyer's market.

Homes here move at a steady pace — a median 32 days on the market, with 9% of listings cutting their asking price.

At 2.6× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~30% cheap for local incomes and rents — a relative bargain.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Mackinac County, MI ($229,236) · Schoolcraft County, MI ($197,564) · Chippewa County, MI ($202,561) · Alger County, MI ($221,628) · Charlevoix County, MI ($412,090) · Emmet County, MI ($442,024)

Frequently asked questions

What is the average home price in Luce County, MI?
The typical home in Luce County is worth $135,888 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Luce County rising or falling?
Prices are down -1.7% over the past year and n/a since 2000 — a buyer's market.
Is Luce County affordable?
At 2.6× the local median income of $51,664, Luce County is more affordable than the typical US county.
How fast do homes sell in Luce County?
Homes here take a median of 32 days to sell, with 9% of listings cutting their asking price.
Median home value by year
YearMedian home value
2015$110,230
2016$106,958
2017$107,674
2018$105,613
2019$108,132
2020$122,403
2021$133,191
2022$140,240
2023$134,821
2024$139,265
2025$131,052