Michigan · Home Values · 2024
Michigan home prices 2024 — median, average and county breakdown
According to the US Census Bureau's American Community Survey 5-Year Estimates (2020–2024), the median home value in Michigan is $231,600. Across the 83 counties measured, home values range from $107,200 in Gogebic, MI to $458,400 in Leelanau, MI.
Michigan median home value, 2024
Most expensive counties in Michigan
| County | Median home value |
|---|---|
| Leelanau, MI | $458,400 |
| Washtenaw, MI | $374,100 |
| Livingston, MI | $356,800 |
| Oakland, MI | $343,600 |
| Grand Traverse, MI | $339,400 |
Most affordable counties in Michigan
| County | Median home value |
|---|---|
| Gogebic, MI | $107,200 |
| Iron, MI | $109,100 |
| Ontonagon, MI | $111,700 |
| Luce, MI | $112,000 |
| Oscoda, MI | $125,500 |
Average vs median home price — what's the difference?
The figure $231,600 is the median home value reported by the US Census Bureau — the middle value when every owner-occupied home in Michigan is sorted by price. Median is the standard measure used in housing reporting because it is not skewed by a small number of very expensive properties. The "average" home price searched for online almost always refers to this median value; true arithmetic averages tend to be 10–30% higher than the median in markets with high-end outliers, but the Census does not publish that figure.
For Michigan specifically, the Census also reports a median monthly rent of $1,129 and a price-to-income ratio of 3.2×. Both are sourced from the same 2020–2024 ACS 5-Year Estimates release.
Explore Michigan on the map
The figures above are static snapshots. The full county-level breakdown — including rent burden, price-to-income ratio, owner cost burden, and population change — is available on the interactive map.
Open Michigan on the USInsights map →Compare with other states
See the same home-price breakdown for any other US state, or compare Michigan side-by-side with the national rankings: