US housing market report · August 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
$243K
Zillow ZHVI, August 2026
Cities covered
32
with published pages
Report video
Monthly
per city, on each hub
12-month outlook · data through August 2026
Where are Michigan home values headed?
Current typical value
$243,093
Zillow ZHVI median, August 2026
Past 12 months
+5.7%
change in the median
12 months out
$258,000
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
- $199KUp8.3%
- $342KUp5.8%
- $170KUp5.0%
- $231KUp4.9%
- $344KUp4.9%
- $145KUp4.7%
- $373KUp4.6%
- $296KUp4.0%
- $478KUp3.9%
- 10Dearborn$247KUp3.5%
Where the market is cooling
Fastest cooling Michigan cities
- $60KDown7.5%
- $87KDown4.7%
- $159KDown3.7%
- $165KDown1.2%
- $225KUp0.3%
- $247KUp1.1%
- $309KUp1.1%
- $155KUp1.6%
- $399KUp1.9%
- $332KUp2.1%
Priciest markets in the state
Most expensive Michigan cities by median value
- $540K
- $490K
- $478K
- 4Troy$473K
- $440K
- $416K
- $399K
- $392K
- $373K
- $344K
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 August 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.