Michigan Real Estate Market Reports
As of October 2026, the median home price in Michigan is $289K and the median market rent is $1,500/mo — a 6.1% gross rental yield, based on community market reports covering 44 ZIP codes across 22 cities. Michigan housing prices are trending up year over year in the markets we track.
- Median home price
- $289K
- Median market rent
- $1,500/mo
- Gross rental yield
- 6.1%
- Price trend YoY
- Rising
Ada1 report
Median: $854K – $854Khot marketBeverly Hills1 report
Median: $596K – $596Kneutral marketBirmingham1 report
Median: $1.1M – $1.1Mhot marketBloomfield Hills1 report
Median: $737K – $737Khot marketCharlevoix1 report
Median: $530K – $530Kcold marketClawson1 report
Median: $322K – $322Khot marketDearborn Heights1 report
Median: $250K – $250Kneutral marketDetroit14 reports
Median: $75K – $280Kneutral marketGrand Rapids10 reports
Median: $256K – $934Kneutral marketGrayling1 report
Median: $350K – $350Kneutral marketKentwood1 report
Median: $270K – $270Khot marketLathrup Village1 report
Median: $312K – $312Khot marketMonroe1 report
Median: $240K – $240Khot marketNiles1 report
Median: $240K – $240Kneutral marketNorthport1 report
Median: $637K – $637Kneutral marketOakland Township1 report
Median: $879K – $879Khot marketPetoskey1 report
Median: $850K – $850Kcold marketPontiac1 report
Median: $125K – $125Kneutral marketRoyal Oak1 report
Median: $437K – $437Khot marketTraverse City1 report
Median: $517K – $517Khot marketWaterford1 report
Median: $335K – $335Kneutral marketWest Bloomfield1 report
Median: $575K – $575Khot marketTop ZIP markets in Michigan
Ranked by median listing price across Michigan market reports.
- Birmingham 48009$1.1M median · $2,900/mo rent
- Grand Rapids 49544$934K median · $1,500/mo rent
- Oakland Township 48306$879K median · $2,800/mo rent
- Ada 49301$854K median · $2,700/mo rent
- Petoskey 49770$850K median · $1,500/mo rent
- Bloomfield Hills 48304$737K median · $2,500/mo rent
- Northport 49670$637K median · $2,700/mo rent
- Beverly Hills 48025$596K median · $2,600/mo rent
- West Bloomfield 48322$575K median · $2,700/mo rent
- Charlevoix 49720$530K median · $1,100/mo rent
These reports were generated by the community using GemHaus.
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