Michigan Housing Market Forecast 2026–2027

Michigan home values are up 4.8% YoY — what's next?

OpenRoof Score

Insufficient data

Not enough trustworthy data to score this market yet. OpenRoof Score requires coverage across multiple index dimensions.

Key Market Data — Michigan

Median Home Value

271,438

Source: Zillow ZHVI

Home Value YoY

5

Source: Zillow ZHVI

Avg Monthly Rent

1,434

Source: Zillow ZORI

Rent YoY

4

Source: Zillow ZORI

Top Metro Markets in Michigan

Escanaba, MI
+10.4%
Alma, MI
+9.0%
Hillsdale, MI
+8.3%
Bay City, MI
+7.6%
Mount Pleasant, MI
+7.5%

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Data sources: Zillow ZHVI (home values, updated mid-month), Zillow ZORI (rent, updated mid-month), Realtor.com (inventory, days on market, updated 1st week of month), U.S. Census ACS (income, population, updated annually). Data as of April 2026.