Home Value Trail

Hillsdale, MI micropolitan area: home price history and building permits

Michigan1 county45,738 residents (2025 estimate)

  • FHFA annual index 1986 to 2025
  • Developmental index
  • Release of

The FHFA annual house price index for Hillsdale, MI increased by 112.5% from 2015 to 2025. From 2020 to 2025, the index increased by 60.4%. From 2024 to 2025, the index increased by 6.9%.

2015

+112.5%

From 2015 to 2025, the FHFA annual all-transactions index for Hillsdale, MI increased by 112.5%.

From 2015 to 2025, the average change in each year is +7.8%, compounded.

Same span at each level: 2015 to 2025
AreaChangeBar
Hillsdale, MI+112.5%
Michigan+96.7%
United States+85.0%
Hillsdale, MI FHFA annual all-transactions index, 100 in 1986
  • Hillsdale, MI
  • United States, set to the same start
  • Recession (NBER dates)
  • Your span
Index values for each year
FHFA annual all-transactions index for Hillsdale, MI, 1986 to 2025
YearIndexChange from the year before
2025505.63+6.9%
2024472.89+9.1%
2023433.31+8.4%
2022399.64+13.4%
2021352.47+11.8%
2020315.19+5.7%
2019298.27+4.4%
2018285.79+7.1%
2017266.86+5.6%
2016252.59+6.2%
2015237.95+5.3%
2014226.04+3.0%
2013219.54+2.9%
2012213.40−2.1%
2011218.00−5.2%
2010229.85−7.2%
2009247.59−5.6%
2008262.28−3.8%
2007272.61−0.1%
2006272.89−1.0%
2005275.68+3.9%
2004265.30+4.8%
2003253.15+1.4%
2002249.56+1.9%
2001244.86+2.2%
2000239.67+10.7%
1999216.52+6.8%
1998202.67+4.3%
1997194.24+7.7%
1996180.36+7.7%
1995167.46+9.3%
1994153.21+6.6%
1993143.70+1.4%
1992141.65+1.4%
1991139.64+4.9%
1990133.15+4.6%
1989127.31+8.9%
1988116.95+9.9%
1987106.45+6.5%
1986100.00n/a

Each figure is the change of the FHFA annual all-transactions index, from the year that you pick to 2025. It is a change for the area. It is not the change in the value of your home, and it does not use the price that you paid.

The average for each year is a compounded annual change. The guide to values explains more.

When using the FHFA House Price Calculator, please note that it does not project the actual value of any particular house.

FHFA, about its own House Price Calculator: Federal Housing Finance Agency, House Price Index Datasets, HPI Calculator, copied on . The calculator of FHFA uses quarterly figures. For the states and the 100 largest metro areas it uses the purchase-only index. Its figures can differ from the figures here.

Since the last FHFA release

No recorded FHFA release changed a figure of Hillsdale, MI. The record of releases starts with the next FHFA release. FHFA releases recorded by this site

Same span, every level

Change in the FHFA annual index to 2025: Hillsdale, MI and the areas above it
Area1 year2024 to 20255 years2020 to 202510 years2015 to 202520 years2005 to 2025Since 20002000 to 2025Each yearaverage of 10 years
Hillsdale, MI+6.9%+60.4%+112.5%+83.4%+111.0%+7.8%
Michigan+4.7%+51.6%+96.7%+67.0%+96.7%+7.0%
United States+2.8%+47.0%+85.0%+79.1%+158.3%+6.3%

Each row uses FHFA's annual all-transactions index and the same two years.

Drawdowns

A drawdown is a decline of 5% or more of the annual index from a peak.

Drawdowns of the index of Hillsdale, MI, deepest first
PeakLowDeclineBack at the peak
20052012−22.6%2018

Decade by decade

Change in the index of Hillsdale, MI in each decade
DecadeChangeUnited StatesBar
1990s1990 to 2000+80.0%+33.9%
2000s2000 to 2010−4.1%+29.7%
2010s2010 to 2020+37.1%+35.5%
2020s so far2020 to 2025+60.4%+47.0%

The index is 100 in the first year with a value for the area (1986 here). The change in a decade is the index at the end of the decade divided by the index at the start. The base year has no effect on it.

Building permits in the area

In the 12 months to August 2026, building permits in the county of the area authorized 110 housing units. That is 2.4 units for each 1,000 residents.

Housing units authorized by month, latest 60 months
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each month
Housing units authorized by building permits in the Hillsdale, MI micropolitan area, by month
MonthAll units1 unit2 or more units
Aug 2026550
Jul 2026770
Jun 202618180
May 202613130
Apr 202617170
Mar 2026880
Feb 2026330
Jan 2026220
Dec 2025110
Nov 2025660
Oct 202522220
Sep 2025880
Aug 202511110
Jul 202512120
Jun 202510100
May 2025440
Apr 2025770
Mar 2025330
Feb 2025440
Jan 20251147
Dec 2024220
Nov 2024330
Oct 2024880
Sep 2024770
Aug 2024550
Jul 2024550
Jun 2024862
May 2024660
Apr 20241266
Mar 2024880
Feb 2024660
Jan 2024220
Dec 2023330
Nov 2023770
Oct 202312102
Sep 202312120
Aug 202313112
Jul 20231266
Jun 2023550
May 2023880
Apr 2023330
Mar 2023770
Feb 2023330
Jan 2023330
Dec 2022220
Nov 2022660
Oct 2022660
Sep 2022660
Aug 2022330
Jul 2022660
Jun 202214140
May 2022660
Apr 2022110
Mar 2022330
Feb 2022000
Jan 2022440
Dec 2021000
Nov 2021000
Oct 2021000
Sep 2021000
Housing units authorized by year, 1995 to 2025
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each year
Housing units authorized by building permits in the Hillsdale, MI micropolitan area, by year
YearAll units1 unit2 or more units
202599927
202472648
2023887810
202256560
202169618
202075678
201977734
201866660
2017884840
20161125557
20151065452
201434340
201338380
201243358
201128280
201046460
200936360
200846460
200791910
20061371343
20052051996
200425524114
20032802746
20022602582
200130124952
200033126368
19993153078
19982862860
19973013010
19962572570
19952192190

The counts are the sums of the county files of the Building Permits Survey for the counties of the area (OMB delineation of July 2023).

Counties of the area

Counties of the Hillsdale, MI micropolitan area, by name
CountyState1 year10 yearsUnits, 12 months
Hillsdale CountyMI+6.9%+112.5%110

Agency pages

  • FHFA House Price IndexFederal Housing Finance AgencyThe index page of FHFA: data, tools and the release dates.
  • FHFA HPI CalculatorFederal Housing Finance AgencyThe calculator of FHFA. It works by quarter, for a state or a metro area.
  • Building Permits SurveyUS Census BureauThe survey of housing units that building permits authorize.

Each link loaded on .

Cite this page

Home Value Trail. Hillsdale, MI home price history. https://homevaluetrail.com/metro/25880-hillsdale/. Source: Federal Housing Finance Agency, annual house price index for CBSAs (developmental); US Census Bureau, Building Permits Survey. FHFA release of .

Where the figures come from

Index
FHFA annual house price index for CBSAs, all transactions, 1986 to 2025. Release of March 31, 2026.
Other levels
FHFA annual indexes for the states and the United States, from the same release.
Building permits
US Census Bureau, Building Permits Survey, county files through August 2026, added for the counties of the area.
Counties of the area
OMB delineation of core based statistical areas, July 2023.
Residents
US Census Bureau, population estimates for 2025.

All files are works of the US government, in the public domain. To report an error, see Corrections.

Questions

Which years had the largest changes in the index for Hillsdale, MI?
The largest increase in one year was 13.4%, from 2021 to 2022. The largest decrease in one year was 7.2%, from 2009 to 2010.
How did the index for Hillsdale, MI change over 20 years?
From 2005 to 2025, the index for Hillsdale, MI increased by 83.4%. In the same years, the index for Michigan increased by 67.0%. In the same years, the index for the United States increased by 79.1%.
What is the highest value of the index for Hillsdale, MI?
The index is 100 in 1986, the first year with a value for this area. The highest annual value is 505.63, in 2025.
Which counties are in the Hillsdale, MI area?
The area has 1 county in the delineation of July 2023. The Census Bureau estimates 45,738 residents for 2025.