Cities with the most expensive homes in the Detroit metro area

Written by:
November 25, 2024
FOTOGRIN // Shutterstock

Cities with the most expensive homes in the Detroit metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of December 19, the 30-year fixed mortgage rate sits at 6.72%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Detroit metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 150 cities and towns.

You may also like: Movies and TV shows casting in Detroit
1 / 30
Stacker

#30. Metamora, MI

- Typical home value: $394,952
- 1-year price change: +5.9%
- 5-year price change: +41.1%

2 / 30
Stacker

#29. Macomb, MI

- Typical home value: $399,594
- 1-year price change: +5.2%
- 5-year price change: +41.5%

3 / 30
Stacker

#28. Brandon, MI

- Typical home value: $404,575
- 1-year price change: +5.4%
- 5-year price change: +43.0%

4 / 30
Stacker

#27. Brighton, MI

- Typical home value: $405,455
- 1-year price change: +3.8%
- 5-year price change: +41.4%

5 / 30
Stacker

#26. West Bloomfield, MI

- Typical home value: $420,237
- 1-year price change: +4.2%
- 5-year price change: +39.0%

You may also like: How inflation of 10 items in Detroit compares to the rest of the US
6 / 30
Stacker

#25. Troy, MI

- Typical home value: $423,299
- 1-year price change: +6.8%
- 5-year price change: +39.1%

7 / 30
Stacker

#24. New Hudson, MI

- Typical home value: $429,852
- 1-year price change: +5.6%
- 5-year price change: +39.5%

8 / 30
Stacker

#23. Plymouth, MI

- Typical home value: $433,731
- 1-year price change: +4.4%
- 5-year price change: +32.4%

9 / 30
Stacker

#22. Rochester Hills, MI

- Typical home value: $434,213
- 1-year price change: +6.1%
- 5-year price change: +43.4%

10 / 30
Stacker

#21. South Lyon, MI

- Typical home value: $438,457
- 1-year price change: +4.4%
- 5-year price change: +36.7%

You may also like: Best places for 9 popular indoor activities in Detroit
11 / 30
Stacker

#20. Novi, MI

- Typical home value: $439,846
- 1-year price change: +4.2%
- 5-year price change: +35.4%

12 / 30
Stacker

#19. Grosse Pointe, MI

- Typical home value: $441,479
- 1-year price change: +1.7%
- 5-year price change: +27.0%

13 / 30
Stacker

#18. Washington, MI

- Typical home value: $443,043
- 1-year price change: +3.8%
- 5-year price change: +37.7%

14 / 30
Stacker

#17. Milford, MI

- Typical home value: $443,142
- 1-year price change: +5.3%
- 5-year price change: +38.0%

15 / 30
Stacker

#16. Pleasant Ridge, MI

- Typical home value: $450,188
- 1-year price change: +5.0%
- 5-year price change: +36.4%

You may also like: Homes for sale in Detroit at every price point
16 / 30
Stacker

#15. Rochester, MI

- Typical home value: $453,662
- 1-year price change: +5.4%
- 5-year price change: +35.8%

17 / 30
Stacker

#14. Grosse Pointe Park, MI

- Typical home value: $463,749
- 1-year price change: +4.0%
- 5-year price change: +31.8%

18 / 30
Stacker

#13. Grosse Pointe Farms, MI

- Typical home value: $464,712
- 1-year price change: +4.0%
- 5-year price change: +32.6%

19 / 30
Stacker

#12. Leonard, MI

- Typical home value: $470,445
- 1-year price change: +4.2%
- 5-year price change: +39.0%

20 / 30
Stacker

#11. Huntington Woods, MI

- Typical home value: $487,034
- 1-year price change: +6.2%
- 5-year price change: +33.9%

You may also like: Highest-rated things to do in Detroit, according to Tripadvisor
21 / 30
Stacker

#10. Beverly Hills, MI

- Typical home value: $521,096
- 1-year price change: +6.5%
- 5-year price change: +39.1%

22 / 30
Stacker

#9. Northville, MI

- Typical home value: $533,693
- 1-year price change: +4.1%
- 5-year price change: +32.3%

23 / 30
Stacker

#8. Bingham Farms, MI

- Typical home value: $556,667
- 1-year price change: +4.9%
- 5-year price change: +31.9%

24 / 30
Stacker

#7. Oakland, MI

- Typical home value: $597,426
- 1-year price change: +5.9%
- 5-year price change: +39.9%

25 / 30
Stacker

#6. Bloomfield Hills, MI

- Typical home value: $604,646
- 1-year price change: +5.6%
- 5-year price change: +42.3%

You may also like: Most expensive homes for sale in Detroit
26 / 30
Stacker

#5. Birmingham, MI

- Typical home value: $657,567
- 1-year price change: +7.6%
- 5-year price change: +35.1%

27 / 30
Stacker

#4. Grosse Pointe Shores, MI

- Typical home value: $690,330
- 1-year price change: +4.6%
- 5-year price change: +34.7%

28 / 30
Stacker

#3. Franklin, MI

- Typical home value: $804,834
- 1-year price change: +7.1%
- 5-year price change: +42.9%

29 / 30
Stacker

#2. Orchard Lake, MI

- Typical home value: $869,285
- 1-year price change: +4.7%
- 5-year price change: +40.6%

30 / 30
Stacker

#1. Lake Angelus, MI

- Typical home value: $1,664,008
- 1-year price change: +4.4%
- 5-year price change: +43.2%

You may also like: Highest-rated Italian restaurants in Detroit by diners

Trending Now