Cities with the fastest-growing home prices in Michigan
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 $349,216 in February, 4.2% 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 February 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Michigan.
#50. Columbus
- Typical home value: $335,746
- 1-year price change: +$20,526 (+6.5%)
- 5-year price change: +$79,208 (+30.9%)
- Metro area: Detroit-Warren-Dearborn, MI
#49. Walker
- Typical home value: $315,361
- 1-year price change: +$20,584 (+7.0%)
- 5-year price change: +$110,336 (+53.8%)
- Metro area: Grand Rapids-Kentwood, MI
#48. Novi
- Typical home value: $424,216
- 1-year price change: +$20,626 (+5.1%)
- 5-year price change: +$104,606 (+32.7%)
- Metro area: Detroit-Warren-Dearborn, MI
#47. Martin
- Typical home value: $211,548
- 1-year price change: +$20,653 (+10.8%)
- 5-year price change: +$75,330 (+55.3%)
- Metro area: Holland, MI
#46. Mackinac Island
- Typical home value: $386,374
- 1-year price change: +$20,720 (+5.7%)
- 5-year price change: +$126,798 (+48.8%)
- Metro area: not in a metro area
#45. Watersmeet
- Typical home value: $250,287
- 1-year price change: +$20,822 (+9.1%)
- 5-year price change: +$89,867 (+56.0%)
- Metro area: not in a metro area
#44. Williamsburg
- Typical home value: $409,751
- 1-year price change: +$20,901 (+5.4%)
- 5-year price change: +$158,211 (+62.9%)
- Metro area: Traverse City, MI
#43. Royal Oak
- Typical home value: $308,013
- 1-year price change: +$20,966 (+7.3%)
- 5-year price change: +$74,631 (+32.0%)
- Metro area: Detroit-Warren-Dearborn, MI
#42. Sylvan Lake
- Typical home value: $340,068
- 1-year price change: +$21,173 (+6.6%)
- 5-year price change: +$95,772 (+39.2%)
- Metro area: Detroit-Warren-Dearborn, MI
#41. Grawn
- Typical home value: $298,927
- 1-year price change: +$21,699 (+7.8%)
- 5-year price change: +$117,545 (+64.8%)
- Metro area: Traverse City, MI
#40. Beulah
- Typical home value: $366,479
- 1-year price change: +$21,701 (+6.3%)
- 5-year price change: +$156,869 (+74.8%)
- Metro area: Traverse City, MI
#39. Dryden
- Typical home value: $356,394
- 1-year price change: +$21,720 (+6.5%)
- 5-year price change: +$132,252 (+59.0%)
- Metro area: Detroit-Warren-Dearborn, MI
#38. Shelbyville
- Typical home value: $299,394
- 1-year price change: +$21,748 (+7.8%)
- 5-year price change: +$110,122 (+58.2%)
- Metro area: Holland, MI
#37. Lakeside
- Typical home value: $787,318
- 1-year price change: +$21,771 (+2.8%)
- 5-year price change: +$269,902 (+52.2%)
- Metro area: Niles, MI
#36. Rochester
- Typical home value: $431,658
- 1-year price change: +$21,865 (+5.3%)
- 5-year price change: +$103,792 (+31.7%)
- Metro area: Detroit-Warren-Dearborn, MI
#35. New Hudson
- Typical home value: $414,388
- 1-year price change: +$21,942 (+5.6%)
- 5-year price change: +$112,388 (+37.2%)
- Metro area: Detroit-Warren-Dearborn, MI
#34. Stevensville
- Typical home value: $291,089
- 1-year price change: +$22,388 (+8.3%)
- 5-year price change: +$100,546 (+52.8%)
- Metro area: Niles, MI
#33. Glen Arbor
- Typical home value: $563,108
- 1-year price change: +$22,535 (+4.2%)
- 5-year price change: +$211,642 (+60.2%)
- Metro area: Traverse City, MI
#32. Oakland
- Typical home value: $578,432
- 1-year price change: +$22,868 (+4.1%)
- 5-year price change: +$147,867 (+34.3%)
- Metro area: Detroit-Warren-Dearborn, MI
#31. Wallace
- Typical home value: $194,444
- 1-year price change: +$23,186 (+13.5%)
- 5-year price change: data not available
- Metro area: Marinette, WI-MI
#30. Franklin
- Typical home value: $758,020
- 1-year price change: +$23,467 (+3.2%)
- 5-year price change: +$207,685 (+37.7%)
- Metro area: Detroit-Warren-Dearborn, MI
#29. Elk Rapids
- Typical home value: $454,466
- 1-year price change: +$23,485 (+5.4%)
- 5-year price change: +$192,964 (+73.8%)
- Metro area: not in a metro area
#28. Cedarville
- Typical home value: $239,395
- 1-year price change: +$23,702 (+11.0%)
- 5-year price change: +$82,674 (+52.8%)
- Metro area: not in a metro area
#27. Interlochen
- Typical home value: $316,794
- 1-year price change: +$23,883 (+8.2%)
- 5-year price change: +$125,824 (+65.9%)
- Metro area: Traverse City, MI
#26. Sawyer
- Typical home value: $363,321
- 1-year price change: +$24,229 (+7.1%)
- 5-year price change: +$131,768 (+56.9%)
- Metro area: Niles, MI
#25. Union Pier
- Typical home value: $675,920
- 1-year price change: +$24,642 (+3.8%)
- 5-year price change: +$252,765 (+59.7%)
- Metro area: Niles, MI
#24. Lowell
- Typical home value: $347,765
- 1-year price change: +$24,650 (+7.6%)
- 5-year price change: +$121,697 (+53.8%)
- Metro area: Grand Rapids-Kentwood, MI
#23. Pentwater
- Typical home value: $347,133
- 1-year price change: +$25,101 (+7.8%)
- 5-year price change: +$125,682 (+56.8%)
- Metro area: Ludington, MI
#22. Pleasant Ridge
- Typical home value: $432,314
- 1-year price change: +$25,326 (+6.2%)
- 5-year price change: +$104,845 (+32.0%)
- Metro area: Detroit-Warren-Dearborn, MI
#21. Cascade
- Typical home value: $510,754
- 1-year price change: +$25,596 (+5.3%)
- 5-year price change: +$162,324 (+46.6%)
- Metro area: Grand Rapids-Kentwood, MI
#20. Ray
- Typical home value: $367,006
- 1-year price change: +$26,206 (+7.7%)
- 5-year price change: +$122,023 (+49.8%)
- Metro area: Detroit-Warren-Dearborn, MI
#19. Beverly Hills
- Typical home value: $502,615
- 1-year price change: +$26,213 (+5.5%)
- 5-year price change: +$130,973 (+35.2%)
- Metro area: Detroit-Warren-Dearborn, MI
#18. Maple City
- Typical home value: $515,940
- 1-year price change: +$26,315 (+5.4%)
- 5-year price change: +$200,586 (+63.6%)
- Metro area: Traverse City, MI
#17. Huntington Woods
- Typical home value: $463,711
- 1-year price change: +$26,439 (+6.0%)
- 5-year price change: +$100,468 (+27.7%)
- Metro area: Detroit-Warren-Dearborn, MI
#16. Birmingham
- Typical home value: $607,962
- 1-year price change: +$26,813 (+4.6%)
- 5-year price change: +$131,480 (+27.6%)
- Metro area: Detroit-Warren-Dearborn, MI
#15. Troy
- Typical home value: $407,977
- 1-year price change: +$26,914 (+7.1%)
- 5-year price change: +$110,483 (+37.1%)
- Metro area: Detroit-Warren-Dearborn, MI
#14. Port Austin
- Typical home value: $217,861
- 1-year price change: +$26,995 (+14.1%)
- 5-year price change: +$78,178 (+56.0%)
- Metro area: not in a metro area
#13. Rochester Hills
- Typical home value: $419,157
- 1-year price change: +$27,359 (+7.0%)
- 5-year price change: +$120,570 (+40.4%)
- Metro area: Detroit-Warren-Dearborn, MI
#12. Traverse City
- Typical home value: $413,628
- 1-year price change: +$27,727 (+7.2%)
- 5-year price change: +$156,853 (+61.1%)
- Metro area: Traverse City, MI
#11. Ann Arbor
- Typical home value: $481,211
- 1-year price change: +$27,799 (+6.1%)
- 5-year price change: +$105,496 (+28.1%)
- Metro area: Ann Arbor, MI
#10. Lake Ann
- Typical home value: $354,523
- 1-year price change: +$28,054 (+8.6%)
- 5-year price change: +$149,662 (+73.1%)
- Metro area: Traverse City, MI
#9. Bloomfield Hills
- Typical home value: $575,090
- 1-year price change: +$30,879 (+5.7%)
- 5-year price change: +$144,588 (+33.6%)
- Metro area: Detroit-Warren-Dearborn, MI
#8. Northport
- Typical home value: $677,146
- 1-year price change: +$31,897 (+4.9%)
- 5-year price change: +$265,143 (+64.4%)
- Metro area: Traverse City, MI
#7. Harbert
- Typical home value: $738,266
- 1-year price change: +$35,259 (+5.0%)
- 5-year price change: +$252,539 (+52.0%)
- Metro area: Niles, MI
#6. East Grand Rapids
- Typical home value: $579,518
- 1-year price change: +$40,405 (+7.5%)
- 5-year price change: +$198,168 (+52.0%)
- Metro area: Grand Rapids-Kentwood, MI
#5. Leland
- Typical home value: $983,376
- 1-year price change: +$40,979 (+4.3%)
- 5-year price change: +$469,288 (+91.3%)
- Metro area: Traverse City, MI
#4. Lake Angelus
- Typical home value: $1,533,254
- 1-year price change: +$43,084 (+2.9%)
- 5-year price change: +$457,563 (+42.5%)
- Metro area: Detroit-Warren-Dearborn, MI
#3. Lake Leelanau
- Typical home value: $717,337
- 1-year price change: +$47,214 (+7.0%)
- 5-year price change: +$294,976 (+69.8%)
- Metro area: Traverse City, MI
#2. Frankfort
- Typical home value: $463,340
- 1-year price change: +$48,313 (+11.6%)
- 5-year price change: +$196,156 (+73.4%)
- Metro area: Traverse City, MI
#1. Kewadin
- Typical home value: $724,942
- 1-year price change: +$66,559 (+10.1%)
- 5-year price change: +$338,435 (+87.6%)
- Metro area: not in a metro area
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
