Cities with the fastest growing home prices in Detroit metro area

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September 29, 2022
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Cities with the fastest growing home prices in Detroit metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Detroit-Warren-Dearborn, MI metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 152 cities and towns in Detroit.

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Stacker

#30. Grosse Pointe, Michigan

- 1-year price change: +$37,426 (+8.8%)
- 5-year price change: +$126,882 (+38.0%)
- Typical home value: $460,408 (#16 most expensive city in metro)
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Stacker

#29. Clarkston, Michigan

- 1-year price change: +$37,708 (+10.4%)
- 5-year price change: +$128,561 (+47.4%)
- Typical home value: $399,970 (#31 most expensive city in metro)
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Stacker

#28. Brighton, Michigan

- 1-year price change: +$37,746 (+10.2%)
- 5-year price change: +$130,565 (+47.4%)
- Typical home value: $406,109 (#28 most expensive city in metro)
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#27. Plymouth, Michigan

- 1-year price change: +$38,424 (+9.8%)
- 5-year price change: +$118,807 (+38.1%)
- Typical home value: $430,595 (#22 most expensive city in metro)
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Stacker

#26. Saint Clair, Michigan

- 1-year price change: +$39,274 (+14.7%)
- 5-year price change: +$104,486 (+51.7%)
- Typical home value: $306,426 (#68 most expensive city in metro)

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#25. Emmett, Michigan

- 1-year price change: +$39,304 (+14.6%)
- 5-year price change: +$122,315 (+65.8%)
- Typical home value: $308,098 (#66 most expensive city in metro)
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#24. West Bloomfield, Michigan

- 1-year price change: +$39,750 (+10.2%)
- 5-year price change: +$132,114 (+44.5%)
- Typical home value: $429,116 (#24 most expensive city in metro)
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#23. China, Michigan

- 1-year price change: +$39,756 (+12.7%)
- 5-year price change: +$118,558 (+50.9%)
- Typical home value: $351,704 (#51 most expensive city in metro)
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Stacker

#22. New Hudson, Michigan

- 1-year price change: +$39,845 (+10.4%)
- 5-year price change: +$124,545 (+41.7%)
- Typical home value: $423,474 (#25 most expensive city in metro)
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#21. Macomb, Michigan

- 1-year price change: +$39,846 (+10.6%)
- 5-year price change: +$134,862 (+48.1%)
- Typical home value: $415,078 (#27 most expensive city in metro)

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#20. Washington, Michigan

- 1-year price change: +$39,926 (+9.5%)
- 5-year price change: +$134,269 (+41.2%)
- Typical home value: $459,931 (#17 most expensive city in metro)
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#19. Rochester, Michigan

- 1-year price change: +$40,435 (+9.6%)
- 5-year price change: +$122,489 (+36.3%)
- Typical home value: $459,485 (#18 most expensive city in metro)
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#18. Milford, Michigan

- 1-year price change: +$40,500 (+10.1%)
- 5-year price change: +$133,191 (+43.2%)
- Typical home value: $441,205 (#21 most expensive city in metro)
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#17. Rochester Hills, Michigan

- 1-year price change: +$40,569 (+10.4%)
- 5-year price change: +$130,222 (+43.4%)
- Typical home value: $430,063 (#23 most expensive city in metro)
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#16. Fair Haven, Michigan

- 1-year price change: +$41,252 (+14.4%)
- 5-year price change: +$117,017 (+55.3%)
- Typical home value: $328,467 (#58 most expensive city in metro)

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#15. Novi, Michigan

- 1-year price change: +$41,374 (+10.0%)
- 5-year price change: +$134,328 (+41.6%)
- Typical home value: $456,858 (#19 most expensive city in metro)
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#14. Beverly Hills, Michigan

- 1-year price change: +$41,811 (+8.9%)
- 5-year price change: +$142,500 (+38.5%)
- Typical home value: $512,177 (#11 most expensive city in metro)
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#13. Allenton, Michigan

- 1-year price change: +$43,188 (+14.6%)
- 5-year price change: +$133,224 (+65.0%)
- Typical home value: $338,331 (#56 most expensive city in metro)
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#12. South Lyon, Michigan

- 1-year price change: +$44,351 (+10.6%)
- 5-year price change: +$136,536 (+42.1%)
- Typical home value: $461,062 (#15 most expensive city in metro)
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#11. Leonard, Michigan

- 1-year price change: +$45,265 (+10.5%)
- 5-year price change: +$144,966 (+43.9%)
- Typical home value: $474,934 (#13 most expensive city in metro)

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#10. Jeddo, Michigan

- 1-year price change: +$45,416 (+18.7%)
- 5-year price change: +$113,335 (+64.9%)
- Typical home value: $288,068 (#75 most expensive city in metro)
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#9. Grosse Pointe Park, Michigan

- 1-year price change: +$46,590 (+9.9%)
- 5-year price change: +$176,604 (+52.1%)
- Typical home value: $515,703 (#10 most expensive city in metro)
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#8. Bloomfield Hills, Michigan

- 1-year price change: +$46,721 (+8.5%)
- 5-year price change: +$162,220 (+37.2%)
- Typical home value: $598,177 (#6 most expensive city in metro)
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#7. Northville, Michigan

- 1-year price change: +$50,457 (+10.1%)
- 5-year price change: +$138,326 (+33.7%)
- Typical home value: $548,361 (#8 most expensive city in metro)
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#6. Birmingham, Michigan

- 1-year price change: +$51,703 (+8.5%)
- 5-year price change: +$172,037 (+35.5%)
- Typical home value: $656,598 (#5 most expensive city in metro)

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#5. Oakland, Michigan

- 1-year price change: +$61,719 (+11.6%)
- 5-year price change: +$160,843 (+37.3%)
- Typical home value: $592,128 (#7 most expensive city in metro)
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#4. Franklin, Michigan

- 1-year price change: +$62,224 (+8.4%)
- 5-year price change: +$205,125 (+34.4%)
- Typical home value: $801,603 (#3 most expensive city in metro)
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#3. Grosse Pointe Shores, Michigan

- 1-year price change: +$64,776 (+9.3%)
- 5-year price change: +$214,994 (+39.5%)
- Typical home value: $759,788 (#4 most expensive city in metro)
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#2. Orchard Lake, Michigan

- 1-year price change: +$86,037 (+10.7%)
- 5-year price change: +$169,293 (+23.5%)
- Typical home value: $888,749 (#2 most expensive city in metro)
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#1. Lake Angelus, Michigan

- 1-year price change: +$152,464 (+11.0%)
- 5-year price change: +$326,158 (+26.9%)
- Typical home value: $1,540,801 (#1 most expensive city in metro)

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