Sault Ste. Marie, MI housing market
The typical Sault Ste. Marie home is worth about $196,000, up 5.7% in a year, 26% below the Michigan typical home. Homes typically sell in 41 days, close to asking.
Home values, sales, trends and how Sault Ste. Marie compares with the towns next door — updated as new data is published.
Sault Ste. Marie at a glance
A seller's market
Supply is tight — about 3.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Sault Ste. Marie | Michigan |
|---|---|---|
| 2017 | $117,000 | $144,000 |
| 2018 | $116,000 | $155,000 |
| 2019 | $135,000 | $165,000 |
| 2020 | $145,000 | $175,000 |
| 2021 | $156,000 | $194,000 |
| 2022 | $169,000 | $217,000 |
| 2023 | $182,000 | $230,000 |
| 2024 | $184,000 | $241,000 |
| 2025 | $194,000 | $253,000 |
| 2026 | $193,000 | $262,000 |
| August 2026 | $196,000 | $266,000 |
20 new homes permitted in 2025
Builders were permitted 20 new homes in Sault Ste. Marie in 2025: 3 single-family houses and 17 in buildings with two or more homes, worth about $5.1 million to build. That's 1.5 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Sault Ste. Marie has permitted 139 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Sault Ste. Marie's population fell by 807 even though 84 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $287,000 |
| 2025 | 20 | 3 | 17 | $5.1 million |
| 2024 | 4 | 4 | 0 | $520,000 |
| 2023 | 40 | 2 | 38 | $8.8 million |
| 2022 | 2 | 2 | 0 | $230,000 |
| 2021 | 3 | 3 | 0 | $718,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 67 | 0 | 67 | $10.3 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $120,000 |
| 2016 | 2 | 2 | 0 | $439,000 |
| 2015 | 1 | 1 | 0 | $134,000 |
| 2014 | 1 | 1 | 0 | $352,000 |
| 2013 | 3 | 3 | 0 | $636,000 |
| 2012 | 1 | 1 | 0 | $100,000 |
| 2011 | 4 | 4 | 0 | $380,000 |
| 2010 | 4 | 4 | 0 | $380,000 |
| 2009 | 4 | 4 | 0 | $380,000 |
| 2008 | 2 | 2 | 0 | $229,000 |
| 2007 | 8 | 8 | 0 | $1 million |
| 2006 | 8 | 8 | 0 | $1.3 million |
| 2005 | 36 | 10 | 26 | $2.8 million |
| 2004 | 229 | 11 | 218 | $12.5 million |
| 2003 | 59 | 15 | 44 | $4.1 million |
| 2002 | 27 | 11 | 16 | $1.6 million |
| 2001 | 13 | 13 | 0 | $1.5 million |
| 2000 | 5 | 5 | 0 | $472,000 |
How Sault Ste. Marie ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Sault Ste. Marie and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Sault Ste. Marie | $196K | +5.7% | $1,070 | 20 | $55,328 |
| Soo | — | +3.6%† | $1,070 | — | $79,107 |
| Sugar Island | — | +3.6%† | $1,070 | — | $67,500 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Sault Ste. Marie home costs about 3.5 years of the town's median household income, about the same as across Michigan (3.7).
How Sault Ste. Marie ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Sault Ste. Marie is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Sault Ste. Marie pay a median of $804, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $740 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49783; Chippewa County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.