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Advertise here →Mackinac Island, MI · Market Data
Mackinac Island, Michigan real estate market data.
Real estate market data for Mackinac Island, MI (Mackinac County) — Census median home value $834,600, county listing prices down about 6.1% over the past year.
Mackinac Island, MI is in Mackinac County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 663, with a median household income of $100,125. Census data puts Mackinac Island's median home value at $834,600.
At a glance
Mackinac Island market snapshot
Population
663
Median Household Income
$100,125
Median Home Value (city)
$834,600
Median Gross Rent
$1,164/mo
Price Trend (YoY)
-6.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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Advertise here →Why Mackinac Island
What makes Mackinac Island different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Mackinac Island's median home value — across all owner-occupied homes, not just recent sales — at $834,600.
County Price Trend
Mackinac County's FHFA house price index shows a -6.09% annual change in 2025.
Population & Income
Mackinac Island has an estimated population of 663 and a median household income of $100,125, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Mackinac Island's Census-reported median home value works out to about 8.3x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Mackinac Island FAQ
What are home values like in Mackinac Island, MI?
The Census Bureau's American Community Survey puts Mackinac Island's median home value at $834,600.
What is the population of Mackinac Island, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Mackinac Island's population at approximately 663.
What's the median rent in Mackinac Island, MI?
The Census ACS estimates median gross rent in Mackinac Island at approximately $1,164 per month.
What is the median household income in Mackinac Island, MI?
Census ACS data puts the median household income in Mackinac Island at approximately $100,125.
Is the Mackinac Island housing market growing?
Mackinac County's FHFA house price index shows a -6.09% annual change in 2025.
Is Mackinac Island, MI affordable relative to income?
Census ACS data puts Mackinac Island's median home value at about 8.3 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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