States › Michigan
State
Michigan
83 counties with an index · 35 metro and micro areas · 824 ZIP codes · 336 permit-issuing places · 10,127,884 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Michigan's FHFA house price index starts in 1975. Through 2025 it has risen +688.8%; over the ten years to 2025 the rise was +96.7% (+7.0% a year), above the national +85.0%.
The quarterly index through 2026 Q2 is +4.6% on a year earlier and +2.0% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2005, fell −29.0% to 2012 and regained the peak in 2018; the national index fell −21.3% over 2007–2012.
22,528 housing units were authorised in Michigan in the 12 months to August 2026, 2.2 per 1,000 residents against 4.1 nationally; that is −2.7% on the previous 12 months. 83 counties, 35 metro and micro areas, 824 ZIP codes and 336 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Michigan | United States |
|---|---|---|
| 1 year (2024–2025) | +4.7% | +2.8% |
| 5 years (2020–2025) | +51.6% | +47.0% |
| 10 years (2015–2025) | +96.7% | +85.0% |
| 20 years (2005–2025) | +67.0% | +79.1% |
| Since 2000 | +96.7% | +158.3% |
| Since 1975 | +688.8% | +960.7% |
| 10-year annualised | +7.0% | +6.3% |
| 20-year annualised | +2.6% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +43.5% | +68.2% | |
| 1990s (1990–2000) | +68.3% | +33.9% | |
| 2000s (2000–2010) | −12.5% | +29.7% | |
| 2010s (2010–2020) | +48.2% | +35.5% | |
| 2020s so far (2020–2025) | +51.6% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2005 | 2012 | −29.0% | 2018 |
| 1981 | 1982 | −12.6% | 1986 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Crawford County | +13.4% | +151.7% | +159.7% | 40 | 2.9 | 2025 |
| Benzie County | +8.4% | +151.3% | +197.9% | 147 | 7.9 | 2025 |
| Charlevoix County | +6.2% | +145.3% | +160.7% | 111 | 4.3 | 2025 |
| Leelanau County | +9.5% | +144.4% | +209.7% | 168 | 7.3 | 2025 |
| Lake County | −1.3% | +143.8% | +140.6% | 32 | 2.4 | 2025 |
| Cheboygan County | +7.2% | +143.7% | +147.4% | 78 | 3.0 | 2025 |
| Kalkaska County | +12.7% | +142.4% | +170.0% | 40 | 2.1 | 2025 |
| Muskegon County | +6.7% | +142.1% | +150.1% | 368 | 2.1 | 2025 |
| Roscommon County | +9.7% | +141.5% | +136.6% | 68 | 2.8 | 2025 |
| Antrim County | +4.3% | +138.8% | +162.2% | 105 | 4.3 | 2025 |
| Keweenaw County | — | +136.5% | — | 3 | 1.4 | 2025 |
| Clare County | +13.3% | +134.9% | +132.4% | 26 | 0.8 | 2025 |
| Emmet County | +3.9% | +133.9% | +159.3% | 143 | 4.2 | 2025 |
| Manistee County | +4.4% | +132.1% | +167.9% | 222 | 8.7 | 2025 |
| Kent County | +4.5% | +129.5% | +159.2% | 2,400 | 3.6 | 2025 |
| Arenac County | +15.0% | +128.1% | +109.4% | 42 | 2.8 | 2025 |
| Grand Traverse County | +4.4% | +127.7% | +189.7% | 634 | 6.6 | 2025 |
| Wexford County | +4.3% | +127.5% | +137.8% | 156 | 4.5 | 2025 |
| Otsego County | +0.9% | +126.3% | +118.8% | 25 | 1.0 | 2025 |
| Montcalm County | +4.5% | +125.4% | +139.0% | 218 | 3.1 | 2025 |
| Mecosta County | +4.1% | +122.3% | +140.7% | 147 | 3.5 | 2025 |
| Presque Isle County | +8.6% | +122.0% | +123.7% | 49 | 3.7 | 2025 |
| Osceola County | +7.4% | +121.6% | +127.2% | 0 | 0.0 | 2025 |
| Missaukee County | +3.8% | +120.1% | +144.3% | 35 | 2.3 | 2025 |
| Newaygo County | +4.9% | +120.1% | +133.9% | 160 | 3.1 | 2025 |
| Ogemaw County | +8.3% | +118.4% | +109.2% | 69 | 3.3 | 2025 |
| Montmorency County | +5.3% | +117.9% | +132.9% | 0 | 0.0 | 2025 |
| Ottawa County | +4.7% | +117.9% | +156.3% | 1,143 | 3.7 | 2025 |
| Oceana County | +3.3% | +117.6% | +159.6% | 135 | 5.0 | 2025 |
| Allegan County | +5.9% | +117.5% | +143.2% | 387 | 3.1 | 2025 |
| Mason County | +1.7% | +117.0% | +161.9% | 208 | 7.2 | 2025 |
| Huron County | +9.0% | +114.1% | +108.9% | 66 | 2.2 | 2025 |
| Ionia County | +3.9% | +114.1% | +123.3% | 93 | 1.4 | 2025 |
| Barry County | +6.2% | +114.0% | +140.1% | 158 | 2.5 | 2025 |
| Tuscola County | +4.0% | +113.6% | +93.2% | 58 | 1.1 | 2025 |
| Hillsdale County | +6.9% | +112.5% | +111.0% | 110 | 2.4 | 2025 |
| Iosco County | +3.5% | +111.7% | +112.9% | 51 | 2.0 | 2025 |
| Alcona County | +5.1% | +110.8% | +104.9% | 54 | 5.1 | 2025 |
| Oscoda County | +12.6% | +107.5% | +105.1% | 27 | 3.1 | 2025 |
| Houghton County | +5.3% | +106.3% | +181.5% | 127 | 3.4 | 2025 |
| Sanilac County | +5.5% | +103.3% | +81.6% | 67 | 1.7 | 2025 |
| St. Joseph County | +7.2% | +101.6% | +124.2% | 221 | 3.6 | 2025 |
| Shiawassee County | +5.4% | +101.6% | +84.1% | 68 | 1.0 | 2025 |
| Alpena County | −0.6% | +100.7% | +92.2% | 51 | 1.8 | 2025 |
| Marquette County | +5.7% | +100.0% | +210.2% | 96 | 1.4 | 2025 |
| Branch County | +4.3% | +99.4% | +112.3% | 40 | 0.9 | 2025 |
| Gogebic County | +7.5% | +98.8% | +142.3% | 31 | 2.2 | 2025 |
| Lenawee County | +5.9% | +97.5% | +80.3% | 176 | 1.8 | 2025 |
| St. Clair County | +4.8% | +97.0% | +79.9% | 232 | 1.4 | 2025 |
| Genesee County | +5.0% | +96.8% | +72.8% | 460 | 1.1 | 2025 |
| Wayne County | +5.3% | +96.8% | +72.4% | 2,999 | 1.7 | 2025 |
| Lapeer County | +5.6% | +96.4% | +80.4% | 189 | 2.1 | 2025 |
| Gladwin County | +4.8% | +96.2% | +95.8% | 95 | 3.6 | 2025 |
| Van Buren County | +3.8% | +95.4% | +142.5% | 244 | 3.2 | 2025 |
| Eaton County | +4.0% | +94.9% | +92.9% | 121 | 1.1 | 2025 |
| Calhoun County | +2.5% | +94.8% | +97.2% | 114 | 0.9 | 2025 |
| Cass County | +4.4% | +94.8% | +138.3% | 139 | 2.7 | 2025 |
| Alger County | +19.0% | +94.1% | +147.8% | 34 | 3.9 | 2025 |
| Jackson County | +4.7% | +93.8% | +84.4% | 289 | 1.8 | 2025 |
| Gratiot County | +4.2% | +93.5% | +106.0% | 38 | 0.9 | 2025 |
| Kalamazoo County | +3.7% | +93.1% | +119.4% | 450 | 1.7 | 2025 |
| Ingham County | +4.8% | +92.3% | +90.5% | 620 | 2.1 | 2025 |
| Clinton County | +5.4% | +92.1% | +99.0% | 194 | 2.4 | 2025 |
| Macomb County | +4.1% | +92.0% | +77.7% | 1,580 | 1.8 | 2025 |
| Berrien County | +3.7% | +91.9% | +135.8% | 337 | 2.2 | 2025 |
| Iron County | +13.6% | +90.7% | +129.9% | 161 | 13.7 | 2025 |
| Saginaw County | +3.8% | +90.6% | +73.1% | 170 | 0.9 | 2025 |
| Delta County | +15.4% | +90.4% | +114.8% | 46 | 1.3 | 2025 |
| Chippewa County | +4.7% | +89.7% | +115.5% | 46 | 1.3 | 2025 |
| Bay County | +5.1% | +89.4% | +78.3% | 42 | 0.4 | 2025 |
| Menominee County | +4.3% | +89.4% | +128.4% | 27 | 1.2 | 2025 |
| Dickinson County | +5.2% | +88.5% | +132.5% | 34 | 1.3 | 2025 |
| Livingston County | +5.7% | +88.2% | +90.2% | 609 | 3.1 | 2025 |
| Luce County | +8.8% | +87.3% | +78.6% | 4 | 0.6 | 2025 |
| Midland County | +6.0% | +85.9% | +98.5% | 131 | 1.6 | 2025 |
| Oakland County | +4.2% | +85.2% | +87.2% | 2,193 | 1.7 | 2025 |
| Washtenaw County | +4.2% | +85.2% | +105.6% | 1,571 | 4.2 | 2025 |
| Schoolcraft County | +8.8% | +84.2% | +101.8% | 13 | 1.6 | 2025 |
| Ontonagon County | −4.5% | +83.1% | — | 10 | 1.7 | 2025 |
| Monroe County | +6.3% | +81.4% | +73.1% | 204 | 1.3 | 2025 |
| Mackinac County | −6.1% | +80.9% | +121.1% | 40 | 3.6 | 2025 |
| Isabella County | +5.9% | +77.7% | +100.9% | 86 | 1.3 | 2025 |
| Baraga County | +4.0% | +67.1% | — | 12 | 1.5 | 2025 |
Metro and micropolitan areas
Areas with any county in Michigan; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Muskegon-Norton Shores, MI | Metro | +6.7% | +142.1% | +2.4% | 368 |
| Petoskey, MI | Micro | +3.9% | +133.9% | — | 143 |
| Traverse City, MI | Metro | +6.1% | +133.1% | +3.3% | 989 |
| Cadillac, MI | Micro | +4.2% | +125.1% | — | 191 |
| Grand Rapids-Wyoming-Kentwood, MI | Metro | +4.6% | +124.5% | +4.5% | 4,012 |
| Big Rapids, MI | Micro | +4.1% | +122.3% | — | 147 |
| Holland, MI | Micro | +5.9% | +117.5% | — | 387 |
| Ludington, MI | Micro | +1.7% | +117.0% | — | 208 |
| Hillsdale, MI | Micro | +6.9% | +112.5% | — | 110 |
| Houghton, MI | Micro | +5.8% | +107.6% | — | 130 |
| South Bend-Mishawaka, IN-MI | Metro | +3.8% | +104.3% | +6.7% | 1,023 |
| Owosso, MI | Micro | +5.4% | +101.6% | — | 68 |
| Sturgis, MI | Micro | +7.2% | +101.6% | — | 221 |
| Alpena, MI | Micro | −0.6% | +100.7% | — | 51 |
| Marquette, MI | Micro | +5.7% | +100.0% | — | 96 |
| Coldwater, MI | Micro | +4.3% | +99.4% | — | 40 |
| Adrian, MI | Micro | +5.9% | +97.5% | — | 176 |
| Flint, MI | Metro | +5.0% | +96.8% | +3.8% | 460 |
| Marinette, WI-MI | Micro | +6.9% | +95.4% | — | 200 |
| Battle Creek, MI | Metro | +2.5% | +94.8% | +8.9% | 114 |
| Jackson, MI | Metro | +4.7% | +93.8% | +6.1% | 289 |
| Alma, MI | Micro | +4.2% | +93.5% | — | 38 |
| Kalamazoo-Portage, MI | Metro | +3.7% | +93.1% | +0.7% | 450 |
| Lansing-East Lansing, MI | Metro | +4.7% | +92.5% | +5.1% | 935 |
| Niles, MI | Metro | +3.7% | +91.9% | +7.6% | 337 |
| Saginaw, MI | Metro | +3.8% | +90.6% | +4.3% | 170 |
| Escanaba, MI | Micro | +15.4% | +90.4% | — | 46 |
| Detroit-Warren-Dearborn, MI | Metro | +4.6% | +89.7% | — | 7,802 |
| Sault Ste. Marie, MI | Micro | +4.7% | +89.7% | — | 46 |
| Bay City, MI | Metro | +5.1% | +89.4% | +5.1% | 42 |
| Iron Mountain, MI-WI | Micro | +5.1% | +87.6% | — | 67 |
| Midland, MI | Metro | +6.0% | +85.9% | +3.5% | 131 |
| Ann Arbor, MI | Metro | +4.2% | +85.2% | +3.4% | 1,571 |
| Monroe, MI | Metro | +6.3% | +81.4% | +2.1% | 204 |
| Mount Pleasant, MI | Micro | +5.9% | +77.7% | — | 86 |
Building permits
Housing units authorised in Michigan by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Michigan by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 68% (63% nationally). Since 1995: 921,759 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Michigan index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +4.7% | +2.8% | 23,075 | 15,566 |
| 2024 | +6.6% | +4.9% | 21,750 | 15,045 |
| 2023 | +7.3% | +5.7% | 20,592 | 14,413 |
| 2022 | +13.4% | +15.5% | 21,780 | 14,809 |
| 2021 | +11.6% | +11.6% | 21,732 | 16,760 |
| 2020 | +3.2% | +3.0% | 19,735 | 15,154 |
| 2019 | +5.0% | +4.2% | 20,600 | 14,623 |
| 2018 | +6.5% | +5.7% | 19,580 | 15,633 |
| 2017 | +6.8% | +5.4% | 23,623 | 16,652 |
| 2016 | +5.3% | +5.3% | 20,408 | 14,534 |
| 2015 | +4.9% | +4.4% | 18,226 | 13,398 |
| 2014 | +8.0% | +6.2% | 15,933 | 12,381 |
| 2013 | +5.6% | +3.4% | 15,757 | 12,915 |
| 2012 | −0.6% | −1.8% | 11,692 | 10,234 |
| 2011 | −4.0% | −4.4% | 9,341 | 7,937 |
| 2010 | −7.9% | −5.1% | 9,075 | 7,755 |
| 2009 | −8.1% | −7.5% | 6,884 | 6,236 |
| 2008 | −6.9% | −4.5% | 10,911 | 8,984 |
| 2007 | −4.4% | +0.6% | 17,767 | 15,195 |
| 2006 | −1.2% | +6.6% | 29,191 | 24,782 |
| 2005 | +3.3% | +12.4% | 45,328 | 38,875 |
| 2004 | +3.2% | +9.2% | 54,721 | 45,881 |
| 2003 | +2.0% | +4.5% | 53,913 | 44,726 |
| 2002 | +3.1% | +5.4% | 49,968 | 41,656 |
| 2001 | +5.0% | +6.7% | 50,139 | 40,517 |
| 2000 | +8.2% | +8.3% | 52,489 | 42,960 |
| 1999 | +6.0% | +4.3% | 54,257 | 45,420 |
| 1998 | +4.9% | +3.7% | 54,474 | 44,246 |
| 1997 | +7.9% | +3.8% | 49,237 | 40,238 |
| 1996 | +6.7% | +3.2% | 52,355 | 43,421 |
| 1995 | +8.1% | +3.7% | 47,226 | 39,289 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Detroit 1,848
- Grand Rapids 861
- Ann Arbor 699
- Grand Traverse County Part Unincorporated Area 592
- Livingston County Part Unincorporated Area 561
- Sterling Heights 414
- Canton charter township 410
- Wyoming 334
- Macomb township 300
- Washtenaw County Part Unincorporated Area 275
- Meridian charter township 274
- Cascade charter township 243
- Lansing 230
- Lyon charter township 214
- Clinton charter township 199
- Holland charter township 199
- Portage 187
- Grand Haven charter township 185
- Gaines charter township 175
- Livonia 170
- Leelanau County 168
- Troy 168
- Pittsfield charter township 165
- Plymouth charter township 163
- Shelby charter township 163
- Iron County 161
- Montcalm County Unincorporated Area 159
- Caledonia township 152
- Ypsilanti 152
- Auburn Hills 150
- Milford charter township 149
- Benzie County 147
- Pere Marquette charter township 147
- Byron township 142
- Balance of State 141
- New Haven village 140
- Royal Oak 139
- Houghton County 127
- Jackson 127
- Allendale charter township 126
Questions and answers
How much have home values in Michigan risen over 10 years?
The FHFA index rose +96.7% between 2015 and 2025, +7.0% a year; over 20 years +67.0% and since 2000 +96.7%. Nationally: +85.0%, +79.1% and +158.3%.
Which Michigan counties rose most over 10 years?
Crawford County (+151.7%), Benzie County (+151.3%) and Charlevoix County (+145.3%), by FHFA's annual county index to 2025.
What happened to Michigan home prices in 2008?
The state index peaked in 2005, fell −29.0% to 2012 and regained its peak in 2018.
How many homes are being built in Michigan?
22,528 units were authorised in the 12 months to August 2026: 15,343 single-family and 7,185 in multi-unit buildings, 2.2 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.