Luce County, Michigan has a 2026 one-unit conforming loan limit of $832,750, which is 7.4 times the county's median home value of $112,000, so a typical home there can be financed with a conforming (non-jumbo) loan; median household income is $54,893 (FHFA; Census ACS 2020–2024).
Data as of 2026. Source: FHFA 2026 conforming loan limits; U.S. Census Bureau ACS 2020–2024
| Item | Value |
|---|---|
| 1-unit limit (2026) | $832,750 |
| 2-unit limit | $1,066,250 |
| 3-unit limit | $1,288,800 |
| 4-unit limit | $1,601,750 |
| Median home value (ACS 2020–24) | $112,000 |
| Michigan median home value | $231,600 |
| Limit ÷ median home value | 7.44× |
| Median household income | $54,893 |
| Median home value ÷ income | 2.0× |
| Population | 6,271 |
| Median property tax paid (owners) | $1,097 |
| Effective property tax rate (approx.) | 0.98% |
| Owner-occupied homes | 82.6% |
| Home value rank in Michigan | 80 of 83 counties |
| Neighbor: Alger County, MI | limit $832,750; median home $176,200 |
| Neighbor: Chippewa County, MI | limit $832,750; median home $161,900 |
| Neighbor: Mackinac County, MI | limit $832,750; median home $174,500 |
| Neighbor: Schoolcraft County, MI | limit $832,750; median home $141,800 |
Across Michigan's 83 counties, FHFA's 2026 one-unit limits are $832,750 everywhere. Luce County's median home value is 52% below the state median of $231,600 (rank 80 of 83). Among its 4 neighboring counties, Alger County has the highest median home value ($176,200) and Schoolcraft County the lowest ($141,800); all share the same loan limit. Owners pay a median $1,097 a year in property tax, an effective rate of about 0.98% of home value.
County data: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (tables B25077, B19013, B01003, B25103, B25003). Neighbors: Census county adjacency file.
Related
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Last updated 2026-10-16. Data only, not financial or tax advice.