Cities with the Fastest-Growing Home Prices in Metro Detroit

Home prices continue to rise in the Detroit metro area, with the most expensive cities seeing significant year-over-year growth.

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.The typical home value in the United States was $362,143 in August, 2.5% higher than the year before.Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the Detroit-Warren-Dearborn, MI metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

10. Ray, MI

Home values in Ray, MI
Stacker

  • 1-year price change: +$23,875 (+6.5%)
  • 5-year price change: +$127,443 (+48.0%)
  • Typical home value: $392,783 (#33 most expensive city in metro)

9. Dryden, MI

Home values in Dryden, MI
Stacker

  • 1-year price change: +$24,720 (+6.8%)
  • 5-year price change: +$143,842 (+58.5%)
  • Typical home value: $389,831 (#36 most expensive city in metro)

8. Beverly Hills, MI

Home values in Beverly Hills, MI
Stacker

  • 1-year price change: +$25,081 (+5.0%)
  • 5-year price change: +$138,958 (+35.5%)
  • Typical home value: $530,590 (#10 most expensive city in metro)

7. Rochester Hills, MI

Home values in Rochester Hills, MI
Stacker

  • 1-year price change: +$25,313 (+6.1%)
  • 5-year price change: +$130,280 (+41.7%)
  • Typical home value: $443,066 (#20 most expensive city in metro)

6. Troy, MI

Home values in Troy, MI
Stacker

  • 1-year price change: +$26,040 (+6.4%)
  • 5-year price change: +$115,244 (+36.3%)
  • Typical home value: $432,595 (#23 most expensive city in metro)

Looking for the best places to move in the Detroit metro area? Check out these stories:

5. Franklin, MI

Home values in Franklin, MI
Stacker

  • 1-year price change: +$26,502 (+3.4%)
  • 5-year price change: +$221,034 (+37.5%)
  • Typical home value: $809,836 (#3 most expensive city in metro)

4. Oakland, MI

Home values in Oakland, MI
Stacker

  • 1-year price change: +$29,302 (+5.1%)
  • 5-year price change: +$164,475 (+37.0%)
  • Typical home value: $608,942 (#7 most expensive city in metro)

3. Bloomfield Hills, MI

Home values in Bloomfield Hills, MI
Stacker

  • 1-year price change: +$29,379 (+5.0%)
  • 5-year price change: +$175,181 (+40.1%)
  • Typical home value: $611,695 (#6 most expensive city in metro)

2. Lake Angelus, MI

Home values in lake angelus, MI
Stacker

  • 1-year price change: +$29,692 (+1.9%)
  • 5-year price change: +$460,678 (+39.5%)
  • Typical home value: $1,626,365 (#1 most expensive city in metro)

1. Birmingham, MI

Home values in Birmingham, MI
Stacker

  • 1-year price change: +$37,043 (+5.9%)
  • 5-year price change: +$154,858 (+30.6%)
  • Typical home value: $661,374 (#5 most expensive city in metro)


Follow Metro Parent on Instagram.

Metro Parent Editorial Team
Metro Parent Editorial Team
Since 1986, the Metro Parent editorial team is trained to be the go-to source for metro Detroit families, offering a rich blend of expert advice, compelling stories, and the top local activities for kids. Renowned for their award-winning content, the team of editors and writers are dedicated to enriching family life by connecting parents with the finest resources and experiences our community has to offer.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

LATEST STORIES

Where to Play Indoor Mini Golf in Metro Detroit

Take your family to play putt-putt at one of these unique indoor spots.

Important School Deadlines in Macomb County

Brought to you by the Macomb County Department of Planning and Economic Development and the Macomb Intermediate School District

Where to Find Metro Detroit’s Most Thrilling Sledding Hills

Discover metro Detroit's best sledding hills for family fun, from beginner slopes to thrilling runs, perfect for kids and adults this winter!

Best Ice Skating Lessons in Macomb County

Brought to you by the Macomb County Department of Planning and Economic Development and the Macomb Intermediate School District



- Advertisement -