Housing Market in Michigan

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 6 cities.

Avg Home Price

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Monthly Mortgage

$---

vs. National

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below average

Cities Tracked

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Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$511,402

$301,210

$296,961

$195,562

$158,722

$74,828

City	Median Price	Mortgage/mo	Rent vs Own
Ann Arbor	$511,402	$2,722	0.92
Sterling Heights	$301,210	$1,603	0.93
Grand Rapids	$296,961	$1,581	1.05
Warren	$195,562	$1,041	1.28
Lansing	$158,722	$845	1.52
Detroit	$74,828	$398	3.31

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.