Michigan.
40th most expensive state. Typical home $263,760 (+3.8% in a year), estimated payment $1,454 a month. As of Sep 2026.
to buy the typical home at today's mortgage rate — +$753 (+119%) since Jan 2020.
- 1 year
- Up $9,617 +4%
- $254,143$263,760 since Sep 2025
- 5 years
- Up $51,723 +24%
- $212,037$263,760 since Sep 2021
- 10 years
- Up $125,235 +90%
- $138,525$263,760 since Sep 2016
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Michigan rose 3.8% over the past year — faster than the nation's +1.2%.
Buying the typical Michigan home now takes 24% of the median household income ($72,875/yr, ACS 2020–2024) — the standard affordability line is 30%.
Share of median income needed to buy
Monthly payment for the typical home against the local median household income. Income is an annual survey, stepped — the saw-teeth are survey years, not markets.
- Michigan22.80%
- United States28.57%
Michigan home values
Zillow Home Value Index against the national figure. Mid-tier homes, smoothed and seasonally adjusted.
- Michigan$263,760
- United States$366,157
Metros in Michigan
Largest first, by population. Zillow publishes rent for fewer metros than home values, so a dash means no series — not a market at zero.
| # | Metro activate to sort by Metro | Rent activate to sort by Rent | 1-yr Δ activate to sort by 1-yr Δ | Home value sorted descending, activate to sort ascending | 1-yr Δ activate to sort by 1-yr Δ |
|---|---|---|---|---|---|
| 1 | Traverse City | $1,853 | +4.4% | $419,457 | +3.2% |
| 2 | Ann Arbor | $1,917 | +1.8% | $411,985 | +2.4% |
| 3 | Grand Rapids | $1,614 | +4.2% | $355,636 | +4.9% |
| 4 | Holland | $1,659 | +7.5% | $346,455 | +4.1% |
| 5 | Niles | $1,403 | +4.4% | $281,191 | +7.0% |
| 6 | Kalamazoo | $1,287 | +4.9% | $274,078 | +4.4% |
| 7 | Monroe | $1,277 | +4.3% | $270,413 | +6.1% |
| 8 | Detroit | $1,514 | +4.2% | $264,316 | +1.8% |
| 9 | Marquette | $1,276 | +3.4% | $262,675 | +8.8% |
| 10 | Muskegon | $1,288 | +5.1% | $255,238 | +4.3% |
| 11 | Lansing | $1,302 | +5.2% | $246,267 | +3.6% |
| 12 | Midland | $1,382 | +6.3% | $245,091 | +9.1% |
| 13 | Adrian | $1,007 | — | $242,906 | +5.6% |
| 14 | Cadillac | — | — | $230,045 | +5.5% |
| 15 | Mount Pleasant | $1,112 | +9.7% | $229,326 | +7.8% |
| 16 | Big Rapids | $1,174 | +10.4% | $229,042 | +7.5% |
| 17 | Jackson | $1,185 | +6.2% | $224,560 | +2.6% |
| 18 | Sturgis | $1,175 | — | $219,689 | +4.0% |
| 19 | Hillsdale | $1,167 | — | $213,792 | +4.6% |
| 20 | Coldwater | $1,262 | — | $206,657 | +4.6% |
| 21 | Flint | $1,041 | +5.2% | $195,732 | +4.1% |
| 22 | Battle Creek | $1,146 | +3.7% | $190,005 | +3.2% |
| 23 | Bay City | $1,018 | +2.5% | $186,132 | +6.5% |
| 24 | Alma | — | — | $180,220 | +6.2% |
| 25 | Saginaw | $1,055 | +8.1% | $175,095 | +5.4% |
Go deeper: every zip in Michigan.