The median home in Bannister, Michigan is valued at $168,613, up 7.4% year over year. Bannister is part of the Alma, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$168,613

+7.4%

Prices rising — worse for buyers.

Affordability

Enter your income for Bannister.

Income (annual)

Down Payment

$33,723 on $168,613

Example: $75,000 household income. Change it above to see your own.

Affordable19.2% of income

Under the 28% guideline.

PITI$1,202

P/I19.2%

Afford$245K

Room+$77K

P&I $853Tax $216Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Bannister with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Alma, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Alma, MI metro.

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Bannister, MI