Real Estate in Michigan
Median home prices and rental costs in Michigan. Source: US Census Bureau ACS 2022
ACS 5-year estimates · Data as of 2022 · Updated annually
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$213,000
Median Home Value
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$950
Median Monthly Rent
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72.3%
Homeownership Rate
Housing Market in Michigan
The median home value in Michigan is $213,000, with a homeownership rate of 72.3%. The median monthly rent is $950.
These figures are based on the US Census Bureau American Community Survey 5-year estimates for 2022 and reflect owner-occupied and renter-occupied housing units.
Major Cities in Michigan
- Detroit
- Grand Rapids
- Warren
- Ann Arbor
- Lansing
Data Source
Data from the US Census Bureau ACS and HUD, public domain datasets updated annually.