What income do you need to buy a house in Chelsea, MI?

It takes about $124,000/yr to afford the typical Chelsea, MI home ($420K, +3.0% past year) at today's rates. Starter homes run around $306K. See if you can afford a house in Chelsea (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $124,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, MI property tax and insurance)
• Typical home value: $420K (Zillow ZHVI, 2026-07)
• 1-year change: +3.0%
• Bottom 35% of homes: $306K
• Top 35% of homes start around: $590K
• Median household income: $72K
• Price-to-income ratio: 5.8
• Estimated payment on the typical home: $2,183/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Ann Arbor, MI — typical home $536K
• Saline, MI — typical home $476K
• Whitmore Lake, MI — typical home $368K
• Brighton, MI — typical home $448K
• Jackson, MI — typical home $194K
• Ypsilanti, MI — typical home $291K

The most affordable cities to buy a house in Michigan

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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