The median home in Hancock, Michigan is valued at $207,616, up 8.7% year over year. Hancock is part of the Houghton, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$207,616

+8.7%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$41,523 on $207,616

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

Affordable23.2% of income

Under the 28% guideline.

PITI$1,450

P/I23.2%

Afford$251K

Room+$43K

P&I $1,050Tax $266Ins $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 Hancock 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 Houghton, MI analysis

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

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Hancock, MI