A typical Mio home is worth about $125,000
Up 1.2% in a year, 53% below the Michigan typical home.
What kind of housing town is Mio?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.1 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Mio home, with $32K to spare.
A two-bedroom rents for about $970 a month here, $210 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Mio’s typical property tax (1.00% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
77% of Mio households own their home
Half of Mio’s homes were built before 1972.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Up 25.2% in five years
About the same pace as Michigan (24.1%).
Show as a table
| January | Mio | Michigan |
|---|---|---|
| 2017 | $72,000 | $144,000 |
| 2018 | $75,000 | $155,000 |
| 2019 | $74,000 | $165,000 |
| 2020 | $79,000 | $175,000 |
| 2021 | $91,000 | $194,000 |
| 2022 | $103,000 | $217,000 |
| 2023 | $112,000 | $230,000 |
| 2024 | $118,000 | $241,000 |
| 2025 | $124,000 | $253,000 |
| 2026 | $126,000 | $262,000 |
| August 2026 | $125,000 | $266,000 |
A typical Mio home worth $72K in September 2016 is worth about $125K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $970
Renters already here pay a median of $584, 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 (Alcona County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Mio vs. its neighbors
Mio is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Mio buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. 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.