The median home in Trout Lake, Michigan is valued at $183,554, up 4.1% year over year. Trout Lake is part of the Sault Ste. Marie, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$183,554

+4.1%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$36,711 on $183,554

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

Affordable20.8% of income

Under the 28% guideline.

PITI$1,297

P/I20.8%

Afford$248K

Room+$64K

P&I $928Tax $236Ins $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 Trout Lake 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 Sault Ste. Marie, MI analysis

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

View Sault Ste. Marie, MI metro

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Trout Lake, MI