Cities with the fastest growing home prices in Detroit metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

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 no 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 September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 153 cities and towns in Detroit.

You may also like: Highest-earning zip codes in Detroit metro area

1 / 30
Stacker

#30. West Bloomfield, West Bloomfield

- 1-year price change: +$32,902 (+8.5%)
- 5-year price change: +$126,973 (+43.0%)
- Typical home value: $422,048 (#24 most expensive city in metro)
2 / 30
Stacker

#29. Washington, Washington

- 1-year price change: +$33,265 (+7.9%)
- 5-year price change: +$131,653 (+41.1%)
- Typical home value: $452,140 (#17 most expensive city in metro)
3 / 30
Stacker

#28. Beverly Hills, Beverly Hills

- 1-year price change: +$33,522 (+7.1%)
- 5-year price change: +$136,553 (+37.0%)
- Typical home value: $505,376 (#11 most expensive city in metro)
4 / 30
Stacker

#27. Grosse Pointe, Grosse Pointe

- 1-year price change: +$33,734 (+7.9%)
- 5-year price change: +$127,601 (+38.3%)
- Typical home value: $460,360 (#15 most expensive city in metro)
5 / 30
Stacker

#26. Milford, Milford

- 1-year price change: +$33,801 (+8.4%)
- 5-year price change: +$128,127 (+41.8%)
- Typical home value: $434,825 (#21 most expensive city in metro)

You may also like: Highest and lowest paying health care jobs in Detroit

6 / 30
Stacker

#25. Rochester, Rochester

- 1-year price change: +$33,851 (+8.1%)
- 5-year price change: +$117,225 (+35.0%)
- Typical home value: $451,747 (#18 most expensive city in metro)
7 / 30
Stacker

#24. New Hudson, New Hudson

- 1-year price change: +$34,213 (+8.9%)
- 5-year price change: +$120,449 (+40.4%)
- Typical home value: $418,279 (#25 most expensive city in metro)
8 / 30
Stacker

#23. Macomb, Macomb

- 1-year price change: +$34,497 (+9.1%)
- 5-year price change: +$132,937 (+47.6%)
- Typical home value: $412,185 (#27 most expensive city in metro)
9 / 30
Stacker

#22. Rochester Hills, Rochester Hills

- 1-year price change: +$34,902 (+9.0%)
- 5-year price change: +$125,538 (+42.2%)
- Typical home value: $423,216 (#23 most expensive city in metro)
10 / 30
Stacker

#21. Memphis, Memphis

- 1-year price change: +$35,129 (+12.2%)
- 5-year price change: +$122,008 (+60.7%)
- Typical home value: $323,136 (#61 most expensive city in metro)

You may also like: Closest national parks to Detroit

11 / 30
Stacker

#20. Novi, Novi

- 1-year price change: +$35,284 (+8.5%)
- 5-year price change: +$129,773 (+40.4%)
- Typical home value: $450,835 (#19 most expensive city in metro)
12 / 30
Stacker

#19. Canton, Canton

- 1-year price change: +$35,411 (+10.5%)
- 5-year price change: +$111,591 (+42.9%)
- Typical home value: $371,624 (#39 most expensive city in metro)
13 / 30
Stacker

#18. Leonard, Leonard

- 1-year price change: +$36,319 (+8.5%)
- 5-year price change: +$136,562 (+41.7%)
- Typical home value: $464,368 (#13 most expensive city in metro)
14 / 30
Stacker

#17. China, China

- 1-year price change: +$36,747 (+11.5%)
- 5-year price change: +$118,424 (+50.0%)
- Typical home value: $355,093 (#51 most expensive city in metro)
15 / 30
Stacker

#16. Saint Clair, Saint Clair

- 1-year price change: +$36,991 (+13.7%)
- 5-year price change: +$104,882 (+51.7%)
- Typical home value: $307,723 (#67 most expensive city in metro)

You may also like: Highest-paying jobs in Detroit

16 / 30
Stacker

#15. Bloomfield Hills, Bloomfield Hills

- 1-year price change: +$37,252 (+6.8%)
- 5-year price change: +$153,777 (+35.4%)
- Typical home value: $587,862 (#6 most expensive city in metro)
17 / 30
Stacker

#14. Plymouth, Plymouth

- 1-year price change: +$37,510 (+9.6%)
- 5-year price change: +$119,271 (+38.4%)
- Typical home value: $429,570 (#22 most expensive city in metro)
18 / 30
Stacker

#13. Grosse Pointe Park, Grosse Pointe Park

- 1-year price change: +$37,564 (+7.9%)
- 5-year price change: +$175,911 (+52.1%)
- Typical home value: $513,754 (#10 most expensive city in metro)
19 / 30
Stacker

#12. Emmett, Emmett

- 1-year price change: +$37,758 (+14.0%)
- 5-year price change: +$122,006 (+65.5%)
- Typical home value: $308,228 (#66 most expensive city in metro)
20 / 30
Stacker

#11. South Lyon, South Lyon

- 1-year price change: +$37,773 (+9.0%)
- 5-year price change: +$133,112 (+41.2%)
- Typical home value: $456,248 (#16 most expensive city in metro)

You may also like: How Detroit feels about climate change

21 / 30
Stacker

#10. Jeddo, Jeddo

- 1-year price change: +$41,093 (+16.5%)
- 5-year price change: +$112,627 (+63.7%)
- Typical home value: $289,446 (#75 most expensive city in metro)
22 / 30
Stacker

#9. Fair Haven, Fair Haven

- 1-year price change: +$41,096 (+14.1%)
- 5-year price change: +$117,341 (+54.6%)
- Typical home value: $332,399 (#59 most expensive city in metro)
23 / 30
Stacker

#8. Allenton, Allenton

- 1-year price change: +$41,524 (+14.1%)
- 5-year price change: +$131,173 (+63.9%)
- Typical home value: $336,587 (#56 most expensive city in metro)
24 / 30
Stacker

#7. Birmingham, Birmingham

- 1-year price change: +$42,809 (+7.1%)
- 5-year price change: +$165,013 (+34.2%)
- Typical home value: $646,865 (#5 most expensive city in metro)
25 / 30
Stacker

#6. Northville, Northville

- 1-year price change: +$47,534 (+9.6%)
- 5-year price change: +$138,989 (+34.2%)
- Typical home value: $544,951 (#8 most expensive city in metro)

You may also like: Highest paying jobs in Detroit that require a graduate degree

26 / 30
Stacker

#5. Franklin, Franklin

- 1-year price change: +$48,949 (+6.6%)
- 5-year price change: +$194,460 (+32.4%)
- Typical home value: $794,478 (#3 most expensive city in metro)
27 / 30
Stacker

#4. Oakland, Oakland

- 1-year price change: +$51,741 (+9.7%)
- 5-year price change: +$155,055 (+36.2%)
- Typical home value: $583,945 (#7 most expensive city in metro)
28 / 30
Stacker

#3. Grosse Pointe Shores, Grosse Pointe Shores

- 1-year price change: +$60,959 (+8.7%)
- 5-year price change: +$215,176 (+39.5%)
- Typical home value: $760,296 (#4 most expensive city in metro)
29 / 30
Stacker

#2. Orchard Lake, Orchard Lake

- 1-year price change: +$68,264 (+8.5%)
- 5-year price change: +$153,511 (+21.3%)
- Typical home value: $872,811 (#2 most expensive city in metro)
30 / 30
Stacker

#1. Lake Angelus, Lake Angelus

- 1-year price change: +$122,139 (+8.7%)
- 5-year price change: +$295,676 (+24.1%)
- Typical home value: $1,522,394 (#1 most expensive city in metro)

You may also like: Most common jobs in Detroit

Trending Now