Cities with the fastest growing home prices in Monroe, Michigan metro area

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November 23, 2022
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Cities with the fastest growing home prices in Monroe, Michigan 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 Monroe, 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. All 15 cities and towns with data available were included in the list.

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1 / 15
Stacker

#15. Estral Beach, Estral Beach

- 1-year price change: +$7,610 (+3.7%)
- 5-year price change: +$77,690 (+56.5%)
- Typical home value: $215,255 (#13 most expensive city in metro)
2 / 15
Stacker

#14. La Salle, La Salle

- 1-year price change: +$8,073 (+3.7%)
- 5-year price change: +$64,304 (+39.6%)
- Typical home value: $226,537 (#12 most expensive city in metro)
3 / 15
Stacker

#13. Monroe, Monroe

- 1-year price change: +$14,349 (+8.0%)
- 5-year price change: +$59,865 (+44.8%)
- Typical home value: $193,609 (#14 most expensive city in metro)
4 / 15
Stacker

#12. Luna Pier, Luna Pier

- 1-year price change: +$14,476 (+9.6%)
- 5-year price change: +$55,057 (+49.7%)
- Typical home value: $165,813 (#15 most expensive city in metro)
5 / 15
Stacker

#11. Milan, Milan

- 1-year price change: +$16,566 (+7.1%)
- 5-year price change: +$72,619 (+41.1%)
- Typical home value: $249,508 (#11 most expensive city in metro)

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Stacker

#10. Carleton, Carleton

- 1-year price change: +$16,728 (+6.2%)
- 5-year price change: +$94,501 (+49.2%)
- Typical home value: $286,608 (#3 most expensive city in metro)
7 / 15
Stacker

#9. Newport, Newport

- 1-year price change: +$17,232 (+6.9%)
- 5-year price change: +$83,088 (+45.1%)
- Typical home value: $267,159 (#8 most expensive city in metro)
8 / 15
Stacker

#8. Lambertville, Lambertville

- 1-year price change: +$20,326 (+7.9%)
- 5-year price change: +$79,473 (+40.4%)
- Typical home value: $276,078 (#7 most expensive city in metro)
9 / 15
Stacker

#7. Temperance, Temperance

- 1-year price change: +$21,266 (+9.0%)
- 5-year price change: +$77,744 (+43.1%)
- Typical home value: $258,061 (#10 most expensive city in metro)
10 / 15
Stacker

#6. Ottawa Lake, Ottawa Lake

- 1-year price change: +$23,785 (+9.2%)
- 5-year price change: +$82,460 (+41.2%)
- Typical home value: $282,479 (#5 most expensive city in metro)

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11 / 15
Stacker

#5. Maybee, Maybee

- 1-year price change: +$25,515 (+10.7%)
- 5-year price change: +$92,639 (+53.7%)
- Typical home value: $265,040 (#9 most expensive city in metro)
12 / 15
Stacker

#4. Petersburg, Petersburg

- 1-year price change: +$26,416 (+10.4%)
- 5-year price change: +$93,257 (+49.8%)
- Typical home value: $280,478 (#6 most expensive city in metro)
13 / 15
Stacker

#3. Ida, Ida

- 1-year price change: +$30,194 (+11.4%)
- 5-year price change: +$100,940 (+52.1%)
- Typical home value: $294,570 (#1 most expensive city in metro)
14 / 15
Stacker

#2. South Rockwood, South Rockwood

- 1-year price change: +$31,572 (+12.3%)
- 5-year price change: +$101,649 (+54.6%)
- Typical home value: $287,908 (#2 most expensive city in metro)
15 / 15
Stacker

#1. Dundee, Dundee

- 1-year price change: +$33,974 (+13.6%)
- 5-year price change: +$90,473 (+46.6%)
- Typical home value: $284,539 (#4 most expensive city in metro)

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