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Hancock, MI Home Values and Rents
The typical home value in Hancock is $230,258, 247th highest of 442 cities and towns in Michigan. Median rent is $835 a month.
- Typical home value
- $230,258
- 247th of 442 in MI
- Median rent
- $835/mo
- ACS 2020-2024
- Price change, 1 year
- +9.5%
- Sep 2026
- Homeownership
- 55.6%
- MI: 73.2%
Typical home value in Hancock
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Hancock |
|---|---|
| Sep 2026 | $230,258 |
| Dec 2025 | $221,611 |
| Dec 2024 | $206,396 |
| Dec 2023 | $192,840 |
| Dec 2022 | $195,349 |
| Dec 2021 | $184,654 |
| Dec 2020 | $155,931 |
| Dec 2019 | $148,103 |
| Dec 2018 | $140,175 |
| Dec 2017 | $136,395 |
| Dec 2016 | $126,370 |
| Dec 2015 | $124,754 |
| Dec 2014 | $123,182 |
| Dec 2013 | $125,866 |
Over five years, Hancock prices changed +27.4%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Houghton County, MI
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $801 | +0.8% |
| 1 bedroom | $806 | +0.8% |
| 2 bedrooms | $1,033 | +6.2% |
| 3 bedrooms | $1,430 | +5.7% |
| 4 bedrooms | $1,727 | +5.8% |
Frequently asked questions
- What is the typical home value in Hancock, MI?
- The typical home value in Hancock is $230,258 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Hancock?
- The median rent in Hancock is $835 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,033.
- Are home prices going up in Hancock?
- The typical home value in Hancock changed +9.5% over one year and +27.4% over five years, as of Sep 2026.
- How does Hancock compare with the rest of Michigan?
- Hancock has the 247th highest median home value of 442 cities and towns with 1,000+ residents in Michigan.