A typical Hillman home is worth roughly $87,000
Home prices around Hillman have risen about 49% over the past 5 years.
What kind of housing town is Hillman?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.4 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Hillman home, with $53K to spare.
A two-bedroom rents for about $970 a month here, $430 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hillman’s typical property tax (1.11% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 49% in 5 years
The federal house price index for the ZIP code around Hillman rose 49% over the past 5 years, about the same as across Michigan. Last year prices fell 25%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hillman, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $970
Renters already here pay a median of $434, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Alpena County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
66% of Hillman households own their home
Half of Hillman’s homes were built before 1973.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
On the market in Hillman
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Hillman buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.