Cities with the most expensive homes in the Detroit metro area
Cities with the most expensive homes in the Detroit metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $361,371 in February, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 19, the sits at 6.22%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Detroit metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 150 cities and towns.
#30. Romeo, MI
- Typical home value: $416,318
- 1-year price change: +3.7%
- 5-year price change: +36.3%
#29. Macomb, MI
- Typical home value: $417,762
- 1-year price change: +3.9%
- 5-year price change: +37.3%
#28. Brighton, MI
- Typical home value: $424,892
- 1-year price change: +3.2%
- 5-year price change: +32.7%
#27. Brandon, MI
- Typical home value: $426,252
- 1-year price change: +4.7%
- 5-year price change: +36.6%
#26. West Bloomfield, MI
- Typical home value: $440,095
- 1-year price change: +2.9%
- 5-year price change: +31.3%
#25. New Hudson, MI
- Typical home value: $446,160
- 1-year price change: +4.5%
- 5-year price change: +36.6%
#24. Troy, MI
- Typical home value: $447,005
- 1-year price change: +2.8%
- 5-year price change: +34.7%
#23. Rochester Hills, MI
- Typical home value: $453,517
- 1-year price change: +3.2%
- 5-year price change: +37.6%
#22. Novi, MI
- Typical home value: $458,257
- 1-year price change: +3.5%
- 5-year price change: +32.1%
#21. South Lyon, MI
- Typical home value: $459,087
- 1-year price change: +4.2%
- 5-year price change: +34.2%
#20. Plymouth, MI
- Typical home value: $460,293
- 1-year price change: +5.3%
- 5-year price change: +32.5%
#19. Grosse Pointe, MI
- Typical home value: $462,842
- 1-year price change: +5.9%
- 5-year price change: +25.1%
#18. Washington, MI
- Typical home value: $464,703
- 1-year price change: +3.1%
- 5-year price change: +33.3%
#17. Pleasant Ridge, MI
- Typical home value: $467,622
- 1-year price change: +4.3%
- 5-year price change: +30.7%
#16. Milford, MI
- Typical home value: $469,885
- 1-year price change: +3.3%
- 5-year price change: +31.8%
#15. Rochester, MI
- Typical home value: $476,091
- 1-year price change: +3.5%
- 5-year price change: +33.7%
#14. Grosse Pointe Park, MI
- Typical home value: $493,454
- 1-year price change: +5.9%
- 5-year price change: +32.3%
#13. Leonard, MI
- Typical home value: $501,155
- 1-year price change: +4.7%
- 5-year price change: +33.1%
#12. Grosse Pointe Farms, MI
- Typical home value: $501,581
- 1-year price change: +6.9%
- 5-year price change: +32.4%
#11. Huntington Woods, MI
- Typical home value: $521,110
- 1-year price change: +4.7%
- 5-year price change: +32.5%
#10. Beverly Hills, MI
- Typical home value: $570,132
- 1-year price change: +6.5%
- 5-year price change: +36.7%
#9. Northville, MI
- Typical home value: $575,128
- 1-year price change: +6.5%
- 5-year price change: +35.6%
#8. Bingham Farms, MI
- Typical home value: $598,280
- 1-year price change: +5.8%
- 5-year price change: +33.2%
#7. Oakland, MI
- Typical home value: $628,035
- 1-year price change: +3.6%
- 5-year price change: +36.5%
#6. Bloomfield Hills, MI
- Typical home value: $650,054
- 1-year price change: +5.1%
- 5-year price change: +35.5%
#5. Birmingham, MI
- Typical home value: $714,467
- 1-year price change: +4.8%
- 5-year price change: +34.7%
#4. Grosse Pointe Shores, MI
- Typical home value: $748,431
- 1-year price change: +9.9%
- 5-year price change: +40.5%
#3. Franklin, MI
- Typical home value: $867,371
- 1-year price change: +5.6%
- 5-year price change: +39.9%
#2. Orchard Lake, MI
- Typical home value: $929,627
- 1-year price change: +4.7%
- 5-year price change: +34.6%
#1. Lake Angelus, MI
- Typical home value: $1,704,672
- 1-year price change: +7.1%
- 5-year price change: +35.2%