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Home values, rents and more in Michigan

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$264,000
U.S.: $366,000
Home values, past year
+3.8%
U.S.: +1.2%
Typical rent
$1,457/mo
U.S.: $1,932
Rents, past year
+3.8%
U.S.: +2.9%
Population
10,127,884
Census estimate, July 2025
Median household income
$72,875
U.S.: $80,734
Counties in and around Michigan, shaded by typical home value
  • Under $200k
  • $200k–$240k
  • $240k–$270k
  • $270k–$320k
  • $320k+
  • No data
Counties in and around Michigan, shaded by typical home value (Zillow, counties). Michigan is outlined.

How Michigan compares

The typical home in Michigan is worth about $264,000, according to the Zillow Home Value Index for September 2026. Home values in Michigan are 28% below the U.S. typical value ($366,000).

Over the past year, home values in Michigan rose 3.8%, compared with +1.2% nationally.

Typical rent is $1,457 a month (Zillow Observed Rent Index), 25% below the U.S. ($1,932). Rents rose 3.8% over the past year.

The median household income is $72,875, against $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 10,127,884 people live in Michigan (Census Bureau estimate for July 2025).

Michigan has the 12th-lowest typical home value of the 51 states in the United States with Zillow figures.

More for Michigan in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for Michigan and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • School test scores
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • Unemployment and job growth
  • Building permits
  • Mortgage delinquency
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby states

Metro areas in Michigan

Counties in Michigan

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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