Cities with the fastest-growing home prices in Michigan
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $360,999 in September, 2.4% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in Michigan using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending September 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Michigan.
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#50. Gunplain
– Typical home value: $300,391
– 1-year price change: +$19,083 (+6.8%)
– 5-year price change: +$100,461 (+50.2%)
– Metro area: Holland, MI
#49. South Boardman
– Typical home value: $208,427
– 1-year price change: +$19,169 (+10.1%)
– 5-year price change: +$84,780 (+68.6%)
– Metro area: Traverse City, MI
#48. Plymouth
– Typical home value: $438,989
– 1-year price change: +$19,202 (+4.6%)
– 5-year price change: +$104,247 (+31.1%)
– Metro area: Detroit-Warren-Dearborn, MI
#47. Ann Arbor
– Typical home value: $508,071
– 1-year price change: +$19,689 (+4.0%)
– 5-year price change: +$116,089 (+29.6%)
– Metro area: Ann Arbor, MI
#46. Hopkins
– Typical home value: $295,815
– 1-year price change: +$19,876 (+7.2%)
– 5-year price change: +$101,607 (+52.3%)
– Metro area: Holland, MI
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#45. Chippewa Lake
– Typical home value: $220,983
– 1-year price change: +$20,136 (+10.0%)
– 5-year price change: +$79,734 (+56.4%)
– Metro area: Big Rapids, MI
#44. New Buffalo
– Typical home value: $602,543
– 1-year price change: +$20,155 (+3.5%)
– 5-year price change: +$225,916 (+60.0%)
– Metro area: Niles, MI
#43. Milford
– Typical home value: $449,955
– 1-year price change: +$20,178 (+4.7%)
– 5-year price change: +$119,569 (+36.2%)
– Metro area: Detroit-Warren-Dearborn, MI
#42. Sawyer
– Typical home value: $392,964
– 1-year price change: +$20,649 (+5.5%)
– 5-year price change: +$162,337 (+70.4%)
– Metro area: Niles, MI
#41. Rockford
– Typical home value: $412,235
– 1-year price change: +$20,666 (+5.3%)
– 5-year price change: +$136,904 (+49.7%)
– Metro area: Grand Rapids-Kentwood, MI
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#40. Lake Ann
– Typical home value: $384,786
– 1-year price change: +$20,777 (+5.7%)
– 5-year price change: +$166,396 (+76.2%)
– Metro area: Traverse City, MI
#39. Union Pier
– Typical home value: $711,817
– 1-year price change: +$21,079 (+3.1%)
– 5-year price change: +$264,936 (+59.3%)
– Metro area: Niles, MI
#38. Pleasant Ridge
– Typical home value: $459,781
– 1-year price change: +$21,277 (+4.9%)
– 5-year price change: +$119,656 (+35.2%)
– Metro area: Detroit-Warren-Dearborn, MI
#37. Williamsburg
– Typical home value: $438,683
– 1-year price change: +$21,390 (+5.1%)
– 5-year price change: +$172,330 (+64.7%)
– Metro area: Traverse City, MI
#36. Fennville
– Typical home value: $329,578
– 1-year price change: +$21,448 (+7.0%)
– 5-year price change: +$114,458 (+53.2%)
– Metro area: Holland, MI
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#35. Rapid City
– Typical home value: $366,338
– 1-year price change: +$21,527 (+6.2%)
– 5-year price change: +$152,918 (+71.7%)
– Metro area: Traverse City, MI
#34. Shelbyville
– Typical home value: $328,369
– 1-year price change: +$21,601 (+7.0%)
– 5-year price change: +$125,846 (+62.1%)
– Metro area: Holland, MI
#33. Ray
– Typical home value: $391,281
– 1-year price change: +$22,453 (+6.1%)
– 5-year price change: +$127,064 (+48.1%)
– Metro area: Detroit-Warren-Dearborn, MI
#32. New Hudson
– Typical home value: $430,418
– 1-year price change: +$22,641 (+5.6%)
– 5-year price change: +$118,347 (+37.9%)
– Metro area: Detroit-Warren-Dearborn, MI
#31. Dryden
– Typical home value: $390,374
– 1-year price change: +$22,678 (+6.2%)
– 5-year price change: +$142,726 (+57.6%)
– Metro area: Detroit-Warren-Dearborn, MI
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#30. Rochester
– Typical home value: $465,693
– 1-year price change: +$23,026 (+5.2%)
– 5-year price change: +$118,051 (+34.0%)
– Metro area: Detroit-Warren-Dearborn, MI
#29. Lowell
– Typical home value: $365,696
– 1-year price change: +$24,717 (+7.2%)
– 5-year price change: +$128,723 (+54.3%)
– Metro area: Grand Rapids-Kentwood, MI
#28. Cedarville
– Typical home value: $280,879
– 1-year price change: +$24,836 (+9.7%)
– 5-year price change: +$108,608 (+63.0%)
– Metro area: not in a metro area
#27. Huntington Woods
– Typical home value: $492,102
– 1-year price change: +$24,991 (+5.4%)
– 5-year price change: +$118,848 (+31.8%)
– Metro area: Detroit-Warren-Dearborn, MI
#26. Grosse Pointe Shores
– Typical home value: $702,044
– 1-year price change: +$25,125 (+3.7%)
– 5-year price change: +$173,741 (+32.9%)
– Metro area: Detroit-Warren-Dearborn, MI
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#25. Belmont
– Typical home value: $418,494
– 1-year price change: +$25,165 (+6.4%)
– 5-year price change: +$126,821 (+43.5%)
– Metro area: Grand Rapids-Kentwood, MI
#24. Rochester Hills
– Typical home value: $441,495
– 1-year price change: +$25,244 (+6.1%)
– 5-year price change: +$131,161 (+42.3%)
– Metro area: Detroit-Warren-Dearborn, MI
#23. Troy
– Typical home value: $431,558
– 1-year price change: +$25,559 (+6.3%)
– 5-year price change: +$116,624 (+37.0%)
– Metro area: Detroit-Warren-Dearborn, MI
#22. Cascade
– Typical home value: $535,875
– 1-year price change: +$25,764 (+5.1%)
– 5-year price change: +$175,097 (+48.5%)
– Metro area: Grand Rapids-Kentwood, MI
#21. Northport
– Typical home value: $748,849
– 1-year price change: +$27,228 (+3.8%)
– 5-year price change: +$277,434 (+58.9%)
– Metro area: Traverse City, MI
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#20. Orchard Lake
– Typical home value: $947,721
– 1-year price change: +$27,391 (+3.0%)
– 5-year price change: +$265,263 (+38.9%)
– Metro area: Detroit-Warren-Dearborn, MI
#19. Beverly Hills
– Typical home value: $532,364
– 1-year price change: +$27,663 (+5.5%)
– 5-year price change: +$142,839 (+36.7%)
– Metro area: Detroit-Warren-Dearborn, MI
#18. Greenbush
– Typical home value: $257,598
– 1-year price change: +$28,012 (+12.2%)
– 5-year price change: +$58,671 (+29.5%)
– Metro area: not in a metro area
#17. Bloomfield Hills
– Typical home value: $612,901
– 1-year price change: +$30,193 (+5.2%)
– 5-year price change: +$177,820 (+40.9%)
– Metro area: Detroit-Warren-Dearborn, MI
#16. Oakland
– Typical home value: $608,971
– 1-year price change: +$30,605 (+5.3%)
– 5-year price change: +$167,505 (+37.9%)
– Metro area: Detroit-Warren-Dearborn, MI
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#15. Harbert
– Typical home value: $782,465
– 1-year price change: +$30,742 (+4.1%)
– 5-year price change: +$283,127 (+56.7%)
– Metro area: Niles, MI
#14. Saugatuck
– Typical home value: $582,595
– 1-year price change: +$31,142 (+5.6%)
– 5-year price change: +$239,085 (+69.6%)
– Metro area: Holland, MI
#13. Frankfort
– Typical home value: $514,603
– 1-year price change: +$32,017 (+6.6%)
– 5-year price change: +$227,033 (+78.9%)
– Metro area: Traverse City, MI
#12. East Grand Rapids
– Typical home value: $610,675
– 1-year price change: +$32,603 (+5.6%)
– 5-year price change: +$214,414 (+54.1%)
– Metro area: Grand Rapids-Kentwood, MI
#11. Lakeside
– Typical home value: $849,860
– 1-year price change: +$33,075 (+4.0%)
– 5-year price change: +$287,056 (+51.0%)
– Metro area: Niles, MI
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#10. Somerset Center
– Typical home value: $348,021
– 1-year price change: +$33,503 (+10.7%)
– 5-year price change: +$88,326 (+34.0%)
– Metro area: Hillsdale, MI
#9. Leland
– Typical home value: $1,109,662
– 1-year price change: +$36,319 (+3.4%)
– 5-year price change: +$495,660 (+80.7%)
– Metro area: Traverse City, MI
#8. Franklin
– Typical home value: $821,187
– 1-year price change: +$37,387 (+4.8%)
– 5-year price change: +$232,152 (+39.4%)
– Metro area: Detroit-Warren-Dearborn, MI
#7. Lake Leelanau
– Typical home value: $810,668
– 1-year price change: +$39,697 (+5.1%)
– 5-year price change: +$316,082 (+63.9%)
– Metro area: Traverse City, MI
#6. Mackinac Island
– Typical home value: $451,730
– 1-year price change: +$39,873 (+9.7%)
– 5-year price change: +$164,988 (+57.5%)
– Metro area: not in a metro area
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#5. Birmingham
– Typical home value: $661,233
– 1-year price change: +$40,112 (+6.5%)
– 5-year price change: +$161,012 (+32.2%)
– Metro area: Detroit-Warren-Dearborn, MI
#4. Glen Arbor
– Typical home value: $636,843
– 1-year price change: +$42,868 (+7.2%)
– 5-year price change: +$230,657 (+56.8%)
– Metro area: Traverse City, MI
#3. Douglas
– Typical home value: $651,586
– 1-year price change: +$43,107 (+7.1%)
– 5-year price change: +$234,028 (+56.0%)
– Metro area: Holland, MI
#2. Kewadin
– Typical home value: $822,706
– 1-year price change: +$47,649 (+6.1%)
– 5-year price change: +$392,118 (+91.1%)
– Metro area: not in a metro area
#1. Lake Angelus
– Typical home value: $1,671,129
– 1-year price change: +$47,738 (+2.9%)
– 5-year price change: +$483,959 (+40.8%)
– Metro area: Detroit-Warren-Dearborn, MI
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By Stacker
With home demand rising, check out emerging neighborhoods like Fenton and Chelsea for affordable options!