Michigan: home prices and housing market

State · price index through 2026-Q2

Median home value Estimate
$291,400
ACS 2020-2024 median $231,600, updated to 2026-Q2 with the price index
1-year change
+4.6%
FHFA House Price Index
5 years / 10 years
+45.6% / +103.5%
Change in the price index
Median rent (monthly)
$1,129
Gross yield ≈ 5.8% (rent × 12 ÷ value)
Housing units
4,622,236
2,984,190 owner-occupied
Rank in United States
#38 of 51
By price · #12 by growth

Price index annual average

20040060020002004200820122016202020242026
Price index

FHFA House Price Index (all transactions): quarterly averages for states, annual index for counties.

Compared with larger areas

AreaMedian (estimate)1 year5 years10 years
United States $370,500 +1.2%+27.9%+80.6%
Michigan $291,400 +4.6%+45.6%+103.5%

Home prices by county in Michigan 83 areas · highest first

CountyMedian (estimate)1 year5 years10 yearsRent (monthly)
Leelanau County $606,100 +9.5% +85.1% +144.4% $1,228
Washtenaw County $442,600 +4.2% +44.2% +85.2% $1,463
Livingston County $422,600 +5.7% +46.5% +88.2% $1,287
Grand Traverse County $418,000 +4.4% +69.0% +127.7% $1,288
Emmet County $408,700 +3.9% +74.9% +133.9% $1,112
Oakland County $405,000 +4.2% +44.8% +85.2% $1,376
Ottawa County $393,700 +4.7% +59.4% +117.9% $1,211
Benzie County $376,100 +8.4% +85.6% +151.3% $1,026
Charlevoix County $358,000 +6.2% +82.4% +145.3% $949
Kent County $351,100 +4.5% +60.2% +129.5% $1,243
Allegan County $329,300 +6.0% +59.6% +117.5% $1,100
Barry County $323,000 +6.2% +60.6% +114.0% $972
Antrim County $321,100 +4.3% +84.0% +138.8% $902
Clinton County $314,000 +5.4% +48.9% +92.1% $1,092
Macomb County $285,300 +4.1% +46.9% +92.0% $1,211
Lapeer County $284,400 +5.6% +49.0% +96.4% $988
Kalamazoo County $281,000 +3.8% +51.0% +93.2% $1,093
Marquette County $276,400 +5.7% +69.5% +100.0% $949
Mason County $275,200 +1.7% +66.2% +117.0% $896
Otsego County $273,100 +0.8% +72.0% +126.2% $1,008
Berrien County $271,400 +3.7% +54.1% +91.9% $942
Monroe County $271,400 +6.3% +45.2% +81.4% $1,059
St. Clair County $267,800 +4.8% +49.1% +97.0% $1,029
Cheboygan County $263,200 +7.2% +86.3% +143.7% $773
Eaton County $260,000 +4.0% +47.2% +94.9% $1,092
Cass County $258,100 +4.4% +53.8% +94.8% $916
Muskegon County $252,400 +6.7% +70.3% +142.1% $1,028
Keweenaw County $251,000 — +99.9% +136.5% $688
Van Buren County $246,500 +3.8% +54.5% +95.4% $870
Kalkaska County $241,100 +12.7% +78.5% +142.4% $853
Ingham County $240,900 +4.8% +49.3% +92.3% $1,084
Ionia County $238,900 +3.9% +56.1% +114.1% $884
Manistee County $238,600 +4.4% +75.1% +132.2% $842
Midland County $238,400 +6.0% +58.0% +85.9% $1,016
Oceana County $238,200 +3.3% +69.0% +117.6% $759
Lenawee County $230,800 +5.9% +49.3% +97.5% $987
Jackson County $230,200 +4.7% +48.6% +93.8% $985
Newaygo County $229,900 +4.9% +61.4% +120.1% $904
Montcalm County $228,900 +4.5% +62.1% +125.4% $869
Alger County $228,200 +19.0% +78.5% +94.1% $714
St. Joseph County $224,100 +7.2% +58.8% +101.6% $849
Hillsdale County $222,800 +6.9% +60.4% +112.5% $832
Mackinac County $222,700 −6.1% +64.7% +80.8% $760
Mecosta County $222,400 +4.1% +68.2% +122.3% $934
Crawford County $219,500 +13.4% +83.2% +151.7% $862
Wayne County $214,000 +5.3% +49.4% +96.8% $1,132
Genesee County $213,400 +5.0% +48.2% +96.8% $989
Wexford County $213,300 +4.3% +68.7% +127.5% $897
Missaukee County $211,900 +3.8% +69.0% +120.0% $891
Houghton County $211,800 +5.2% +76.8% +106.3% $840
Delta County $210,700 +15.4% +71.6% +90.4% $692
Chippewa County $209,400 +4.7% +65.5% +89.8% $797
Ogemaw County $206,900 +8.3% +77.6% +118.4% $823
Montmorency County $206,400 +5.3% +79.0% +117.9% $686
Alcona County $206,000 +5.1% +70.8% +110.8% $867
Shiawassee County $205,700 +5.4% +52.5% +101.5% $899
Osceola County $205,600 +7.4% +77.2% +121.7% $807
Roscommon County $205,300 +9.7% +82.6% +141.5% $816
Isabella County $203,800 +5.9% +48.5% +77.7% $913
Sanilac County $203,000 +5.5% +55.5% +103.3% $807
Huron County $202,800 +9.0% +72.7% +114.1% $788
Gladwin County $202,600 +4.8% +56.1% +96.2% $690
Arenac County $196,600 +15.0% +72.2% +128.1% $761
Menominee County $196,500 +4.3% +61.2% +89.4% $692
Branch County $195,300 +4.3% +60.1% +99.4% $959
Calhoun County $194,300 +2.5% +54.0% +94.8% $968
Presque Isle County $191,600 +8.6% +82.5% +122.0% $683
Dickinson County $191,000 +5.2% +63.1% +88.5% $797
Bay County $188,500 +5.1% +59.8% +89.4% $860
Schoolcraft County $188,000 +8.8% +63.3% +84.2% $705
Saginaw County $185,400 +3.8% +54.0% +90.6% $947
Tuscola County $184,700 +4.0% +62.7% +113.6% $819
Alpena County $182,700 −0.6% +66.7% +100.7% $673
Iosco County $182,500 +3.5% +68.2% +111.7% $719
Clare County $180,100 +13.3% +81.9% +134.9% $765
Gratiot County $179,800 +4.2% +57.5% +93.5% $834
Lake County $175,500 −1.3% +73.4% +143.8% $875
Oscoda County $164,100 +12.6% +74.7% +107.5% $681
Baraga County $150,400 +4.0% +64.5% +67.1% $616
Iron County $146,900 +13.6% +76.4% +90.7% $716
Luce County $145,500 +8.8% +79.4% +87.3% $675
Gogebic County $145,000 +7.5% +85.2% +98.8% $623
Ontonagon County $125,300 −4.5% +56.9% +83.1% $540

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The median home value is the Census Bureau's ACS 5-year median (owner-reported value of owner-occupied homes), updated to the latest period with the FHFA House Price Index. It is an estimate for the area, not the price of any particular home. These figures do not represent the sale or appraisal value of any specific property.

Sources: U.S. Census Bureau, American Community Survey 5-year estimates; FHFA House Price Index. Compiled by Fudosan Zukan.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
This product uses FHFA data but is neither endorsed nor certified by FHFA.

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