Michigan housing market: home prices by city and forecast
Michigan home prices: the Zillow Home Value Index put the typical Michigan home at $263,760 in September 2026, up 3.8% from a year earlier.
- Value of a typical home
- $263,760September 2026, Zillow ZHVI
- Change over 12 months
- +3.8%US +1.2%
- Change over 10 years
- +90.4%US +77.4%
- Multiple measured since 2000
- ×2.26US ×2.99
- Home price against income
- 3.6. The median income is $72,389.
Ranked highest first, 40th for typical home value and 8th for the 12-month change. Growth since 2000 places 45th of 47, and price to income 43rd, among 50 states plus DC.
Michigan home prices since 2000
A typical Michigan home increased from $116,775 in January 2000 to $263,760. September 2026 was its highest month, also reaching $263,760.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $119,797 | $128,035 | $134,087 | $138,829 | $144,320 | $148,689 | $149,721 | $143,179 | $129,122 | $109,778 |
| 2010s | $101,366 | $95,296 | $96,695 | $107,574 | $119,615 | $127,882 | $137,059 | $147,379 | $158,840 | $168,816 |
| 2020s | $179,669 | $206,116 | $227,225 | $233,029 | $244,703 | $253,129 |
Michigan home prices since 1975: the FHFA index
Michigan recorded an index value of 901 in 2025 under FHFA's repeat-sales index (1975 = 100). During Q2 2026, it was up 4.6% from a year earlier.
According to owner reports in the Census of Housing, Michigan had a value of $2,863 in 1940 and $115,600 in 2000.
| Census year | Michigan median value | US median value |
|---|---|---|
| 1940 | $2,863 | $2,938 |
| 1950 | $7,496 | $7,354 |
| 1960 | $12,000 | $11,900 |
| 1970 | $17,500 | $17,000 |
| 1980 | $39,000 | $47,200 |
| 1990 | $60,600 | $79,100 |
| 2000 | $115,600 | $119,600 |
No inflation adjustment applies to these figures. Census of Housing tables
Home prices in Michigan by city
A page is available for each of 6 cities, listed with the largest ones first:
| City | Value of a typical home | Change over 12 months | Multiple measured since 2000 |
|---|---|---|---|
| Detroit | $74,742 | −5.9% | ×1.47 |
| Grand Rapids | $303,937 | +3.3% | ×3.33 |
| Ann Arbor | $517,346 | +3.0% | ×2.65 |
| Lansing | $166,379 | +2.1% | |
| Kalamazoo | $238,251 | +4.1% | ×2.28 |
| Traverse City | $444,107 | +2.1% | ×3.70 |
| Warren | $196,749 | −0.1% | |
| Sterling Heights | $304,835 | +0.9% | |
| Flint | $64,412 | −0.4% | |
| Saginaw | $133,927 | +5.1% | |
| Dearborn | $247,561 | +3.8% | |
| Jackson | $190,396 | +2.3% | |
| Clinton Township | $255,103 | +1.1% | |
| Canton | $400,641 | +1.2% | |
| Livonia | $312,136 | +2.2% | |
| Holland | $370,778 | +4.4% |
Zillow Home Value Index, September 2026.
Michigan price forecasts for metro areas
Zillow's 12-month forecasts dated September 2026 for 6 Michigan metros range between +1.8% and +3.6%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Detroit, MI | +0.9% | +1.8% |
| Grand Rapids, MI | +1.4% | +3.3% |
| Ann Arbor, MI | +0.6% | +2.4% |
| Lansing, MI | +1.1% | +3.1% |
| Kalamazoo, MI | +0.8% | +2.3% |
| Traverse City, MI | +1.2% | +3.6% |
This is Zillow's estimate and not investment advice.
What it costs to live in Michigan
Michigan's overall price level is 96.2, compared with US 100. Housing stands at 82.3, goods at 96.0, utilities at 100.2, and other services at 100.9 (BEA). Households have a median income of $72,389, while median gross rent runs $1,168 a month (Census ACS 2024). Owner-occupied homes make up 73%, and the median year built is 1972.
Every state appears on the cost of living by state page, and city pages cover Detroit, Grand Rapids, Ann Arbor.
How to read this chart
The first chart uses dollars and reaches its high of $263,760 in September 2026. The second chart is an index. Michigan's line finishes at 901, which means prices there reached 9.0 times their 1975 level. No inflation adjustment applies to either one.