Cities with the fastest-growing home prices in Michigan

Written by:
December 23, 2024
FOTOGRIN // Shutterstock

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 $358,761 in November, 2.3% 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 November 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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Stacker

#50. Boyne City

- Typical home value: $378,492
- 1-year price change: +$21,337 (+6.0%)
- 5-year price change: +$148,604 (+64.6%)
- Metro area: not in a metro area

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#49. Pleasant Ridge

- Typical home value: $450,188
- 1-year price change: +$21,473 (+5.0%)
- 5-year price change: +$120,072 (+36.4%)
- Metro area: Detroit-Warren-Dearborn, MI

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#48. Lake Ann

- Typical home value: $381,279
- 1-year price change: +$21,906 (+6.1%)
- 5-year price change: +$164,817 (+76.1%)
- Metro area: Traverse City, MI

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#47. Ann Arbor

- Typical home value: $495,371
- 1-year price change: +$22,143 (+4.7%)
- 5-year price change: +$115,784 (+30.5%)
- Metro area: Ann Arbor, MI

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#46. Metamora

- Typical home value: $394,952
- 1-year price change: +$22,160 (+5.9%)
- 5-year price change: +$114,964 (+41.1%)
- Metro area: Detroit-Warren-Dearborn, MI

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#45. Milford

- Typical home value: $443,142
- 1-year price change: +$22,171 (+5.3%)
- 5-year price change: +$122,096 (+38.0%)
- Metro area: Detroit-Warren-Dearborn, MI

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#44. Lake Orion

- Typical home value: $388,843
- 1-year price change: +$22,314 (+6.1%)
- 5-year price change: +$113,339 (+41.1%)
- Metro area: Detroit-Warren-Dearborn, MI

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#43. New Hudson

- Typical home value: $429,852
- 1-year price change: +$22,979 (+5.6%)
- 5-year price change: +$121,709 (+39.5%)
- Metro area: Detroit-Warren-Dearborn, MI

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#42. Rockford

- Typical home value: $412,877
- 1-year price change: +$23,075 (+5.9%)
- 5-year price change: +$138,371 (+50.4%)
- Metro area: Grand Rapids-Kentwood, MI

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#41. Rochester

- Typical home value: $453,662
- 1-year price change: +$23,146 (+5.4%)
- 5-year price change: +$119,697 (+35.8%)
- Metro area: Detroit-Warren-Dearborn, MI

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#40. Fennville

- Typical home value: $323,369
- 1-year price change: +$23,185 (+7.7%)
- 5-year price change: +$110,924 (+52.2%)
- Metro area: Holland, MI

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#39. Lowell

- Typical home value: $365,021
- 1-year price change: +$23,265 (+6.8%)
- 5-year price change: +$128,464 (+54.3%)
- Metro area: Grand Rapids-Kentwood, MI

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#38. Shelbyville

- Typical home value: $325,025
- 1-year price change: +$23,577 (+7.8%)
- 5-year price change: +$123,768 (+61.5%)
- Metro area: Holland, MI

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#37. Ray

- Typical home value: $377,009
- 1-year price change: +$24,264 (+6.9%)
- 5-year price change: +$123,602 (+48.8%)
- Metro area: Detroit-Warren-Dearborn, MI

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#36. Rochester Hills

- Typical home value: $434,213
- 1-year price change: +$25,139 (+6.1%)
- 5-year price change: +$131,427 (+43.4%)
- Metro area: Detroit-Warren-Dearborn, MI

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#35. Dryden

- Typical home value: $378,701
- 1-year price change: +$25,299 (+7.2%)
- 5-year price change: +$136,423 (+56.3%)
- Metro area: Detroit-Warren-Dearborn, MI

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#34. New Buffalo

- Typical home value: $592,878
- 1-year price change: +$25,461 (+4.5%)
- 5-year price change: +$223,128 (+60.3%)
- Metro area: Niles, MI

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#33. Cedarville

- Typical home value: $289,991
- 1-year price change: +$25,900 (+9.8%)
- 5-year price change: +$111,257 (+62.2%)
- Metro area: not in a metro area

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#32. Bingham Farms

- Typical home value: $556,667
- 1-year price change: +$26,000 (+4.9%)
- 5-year price change: +$134,521 (+31.9%)
- Metro area: Detroit-Warren-Dearborn, MI

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#31. Williamsburg

- Typical home value: $425,248
- 1-year price change: +$26,352 (+6.6%)
- 5-year price change: +$168,943 (+65.9%)
- Metro area: Traverse City, MI

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#30. Troy

- Typical home value: $423,299
- 1-year price change: +$27,002 (+6.8%)
- 5-year price change: +$118,892 (+39.1%)
- Metro area: Detroit-Warren-Dearborn, MI

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#29. Copper Harbor

- Typical home value: $261,890
- 1-year price change: +$27,174 (+11.6%)
- 5-year price change: data not available
- Metro area: Houghton, MI

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#28. Maple City

- Typical home value: $575,833
- 1-year price change: +$28,195 (+5.1%)
- 5-year price change: +$222,305 (+62.9%)
- Metro area: Traverse City, MI

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#27. Huntington Woods

- Typical home value: $487,034
- 1-year price change: +$28,307 (+6.2%)
- 5-year price change: +$123,270 (+33.9%)
- Metro area: Detroit-Warren-Dearborn, MI

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#26. Somerset Center

- Typical home value: $337,821
- 1-year price change: +$28,764 (+9.3%)
- 5-year price change: +$87,864 (+35.2%)
- Metro area: Hillsdale, MI

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#25. Belmont

- Typical home value: $435,639
- 1-year price change: +$29,196 (+7.2%)
- 5-year price change: +$134,621 (+44.7%)
- Metro area: Grand Rapids-Kentwood, MI

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#24. Greenbush

- Typical home value: $235,972
- 1-year price change: +$29,838 (+14.5%)
- 5-year price change: +$60,149 (+34.2%)
- Metro area: not in a metro area

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#23. Cascade

- Typical home value: $532,599
- 1-year price change: +$30,495 (+6.1%)
- 5-year price change: +$175,510 (+49.2%)
- Metro area: Grand Rapids-Kentwood, MI

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#22. Grosse Pointe Shores

- Typical home value: $690,330
- 1-year price change: +$30,585 (+4.6%)
- 5-year price change: +$178,012 (+34.7%)
- Metro area: Detroit-Warren-Dearborn, MI

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#21. Union Pier

- Typical home value: $716,421
- 1-year price change: +$31,289 (+4.6%)
- 5-year price change: +$264,668 (+58.6%)
- Metro area: Niles, MI

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#20. Frankfort

- Typical home value: $481,336
- 1-year price change: +$31,781 (+7.1%)
- 5-year price change: +$210,789 (+77.9%)
- Metro area: Traverse City, MI

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#19. Beverly Hills

- Typical home value: $521,096
- 1-year price change: +$31,984 (+6.5%)
- 5-year price change: +$146,455 (+39.1%)
- Metro area: Detroit-Warren-Dearborn, MI

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#18. Bloomfield Hills

- Typical home value: $604,646
- 1-year price change: +$32,296 (+5.6%)
- 5-year price change: +$179,663 (+42.3%)
- Metro area: Detroit-Warren-Dearborn, MI

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#17. Oakland

- Typical home value: $597,426
- 1-year price change: +$33,165 (+5.9%)
- 5-year price change: +$170,403 (+39.9%)
- Metro area: Detroit-Warren-Dearborn, MI

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#16. Ada

- Typical home value: $563,705
- 1-year price change: +$35,198 (+6.7%)
- 5-year price change: data not available
- Metro area: Grand Rapids-Kentwood, MI

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#15. East Grand Rapids

- Typical home value: $599,859
- 1-year price change: +$35,956 (+6.4%)
- 5-year price change: +$212,749 (+55.0%)
- Metro area: Grand Rapids-Kentwood, MI

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#14. Lakeside

- Typical home value: $786,565
- 1-year price change: +$36,122 (+4.8%)
- 5-year price change: +$268,688 (+51.9%)
- Metro area: Niles, MI

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#13. Orchard Lake

- Typical home value: $869,285
- 1-year price change: +$38,739 (+4.7%)
- 5-year price change: +$250,967 (+40.6%)
- Metro area: Detroit-Warren-Dearborn, MI

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#12. Saugatuck

- Typical home value: $570,430
- 1-year price change: +$40,876 (+7.7%)
- 5-year price change: +$237,622 (+71.4%)
- Metro area: Holland, MI

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#11. Northport

- Typical home value: $747,742
- 1-year price change: +$41,011 (+5.8%)
- 5-year price change: +$279,270 (+59.6%)
- Metro area: Traverse City, MI

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#10. Harbert

- Typical home value: $755,829
- 1-year price change: +$46,239 (+6.5%)
- 5-year price change: +$279,925 (+58.8%)
- Metro area: Niles, MI

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#9. Birmingham

- Typical home value: $657,567
- 1-year price change: +$46,318 (+7.6%)
- 5-year price change: +$170,949 (+35.1%)
- Metro area: Detroit-Warren-Dearborn, MI

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#8. Kewadin

- Typical home value: $800,350
- 1-year price change: +$46,827 (+6.2%)
- 5-year price change: +$380,519 (+90.6%)
- Metro area: not in a metro area

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#7. Mackinac Island

- Typical home value: $423,826
- 1-year price change: +$47,619 (+12.7%)
- 5-year price change: +$153,688 (+56.9%)
- Metro area: not in a metro area

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#6. Glen Arbor

- Typical home value: $614,556
- 1-year price change: +$48,105 (+8.5%)
- 5-year price change: +$226,525 (+58.4%)
- Metro area: Traverse City, MI

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#5. Lake Leelanau

- Typical home value: $812,049
- 1-year price change: +$51,780 (+6.8%)
- 5-year price change: +$316,816 (+64.0%)
- Metro area: Traverse City, MI

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#4. Franklin

- Typical home value: $804,834
- 1-year price change: +$53,226 (+7.1%)
- 5-year price change: +$241,498 (+42.9%)
- Metro area: Detroit-Warren-Dearborn, MI

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#3. Douglas

- Typical home value: $621,921
- 1-year price change: +$56,863 (+10.1%)
- 5-year price change: +$228,424 (+58.0%)
- Metro area: Holland, MI

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#2. Leland

- Typical home value: $1,087,076
- 1-year price change: +$67,118 (+6.6%)
- 5-year price change: +$483,863 (+80.2%)
- Metro area: Traverse City, MI

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#1. Lake Angelus

- Typical home value: $1,664,008
- 1-year price change: +$69,791 (+4.4%)
- 5-year price change: +$502,271 (+43.2%)
- Metro area: Detroit-Warren-Dearborn, MI

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