Home ValuePros

US housing market report · July 2026

The state of the Michigan housing market.

Median home value and city-by-city trends across Michigan, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Michigan median value

$248K

Zillow ZHVI, July 2026

Cities covered

21

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through July 2026

Where are Michigan home values headed?

Current typical value

$247,692

Zillow ZHVI median, July 2026

Past 12 months

+6.5%

change in the median

12 months out

$265,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating Michigan cities

  1. 1Ithaca
    $203KUp9.0%
  2. 2Lansing
    $171KUp7.3%
  3. 3Saginaw
    $144KUp5.9%
  4. 4St. Joseph
    $345KUp5.7%
  5. 5Grand Rapids
    $348KUp4.7%
  6. 6Kalamazoo
    $231KUp4.5%
  7. 7Holland
    $375KUp4.5%
  8. 8Grand Blanc
    $300KUp4.3%
  9. 9Oxford
    $498KUp3.4%
  10. 10Muskegon
    $262KUp3.3%

Where the market is cooling

Fastest cooling Michigan cities

  1. 1Highland Park
    $59KDown9.1%
  2. 2Hazel Park
    $161KDown4.4%
  3. 3Detroit
    $88KDown2.3%
  4. 4Norway
    $169KDown1.1%
  5. 5Lincoln Park
    $155KUp1.9%
  6. 6Traverse City
    $444KUp2.2%
  7. 7Royal Oak
    $338KUp2.2%
  8. 8Livonia
    $333KUp2.5%
  9. 9Ann Arbor
    $550KUp2.8%
  10. 10Troy
    $481KUp2.9%

Priciest markets in the state

Most expensive Michigan cities by median value

  1. 1Ann Arbor
    $550K
  2. 2Oxford
    $498K
  3. 3Troy
    $481K
  4. 4Traverse City
    $444K
  5. 5Holland
    $375K
  6. 6Grand Rapids
    $348K
  7. 7St. Joseph
    $345K
  8. 8Royal Oak
    $338K
  9. 9Livonia
    $333K
  10. 10Grand Blanc
    $300K

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Michigan, as of July 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Michigan market index.