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 $365,545 in March, 0.8% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 16, the sits at 6.3%.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. Clarkston, MI
- Typical home value: $423,714
- 1-year price change: +3.9%
- 5-year price change: +31.8%
#29. Romeo, MI
- Typical home value: $423,748
- 1-year price change: +3.6%
- 5-year price change: +33.8%
#28. Brighton, MI
- Typical home value: $432,666
- 1-year price change: +3.0%
- 5-year price change: +30.8%
#27. Brandon, MI
- Typical home value: $436,188
- 1-year price change: +4.5%
- 5-year price change: +34.3%
#26. West Bloomfield, MI
- Typical home value: $450,726
- 1-year price change: +2.9%
- 5-year price change: +29.7%
#25. New Hudson, MI
- Typical home value: $453,860
- 1-year price change: +4.2%
- 5-year price change: +34.8%
#24. Troy, MI
- Typical home value: $457,480
- 1-year price change: +2.9%
- 5-year price change: +33.1%
#23. Rochester Hills, MI
- Typical home value: $465,253
- 1-year price change: +3.4%
- 5-year price change: +36.1%
#22. Novi, MI
- Typical home value: $467,223
- 1-year price change: +3.6%
- 5-year price change: +30.8%
#21. South Lyon, MI
- Typical home value: $467,292
- 1-year price change: +4.0%
- 5-year price change: +32.3%
#20. Grosse Pointe, MI
- Typical home value: $469,116
- 1-year price change: +5.2%
- 5-year price change: +23.8%
#19. Plymouth, MI
- Typical home value: $471,425
- 1-year price change: +4.9%
- 5-year price change: +31.6%
#18. Washington, MI
- Typical home value: $474,593
- 1-year price change: +3.0%
- 5-year price change: +31.7%
#17. Pleasant Ridge, MI
- Typical home value: $478,434
- 1-year price change: +4.5%
- 5-year price change: +29.2%
#16. Milford, MI
- Typical home value: $481,467
- 1-year price change: +3.6%
- 5-year price change: +30.4%
#15. Rochester, MI
- Typical home value: $486,537
- 1-year price change: +3.5%
- 5-year price change: +32.4%
#14. Grosse Pointe Park, MI
- Typical home value: $502,195
- 1-year price change: +5.1%
- 5-year price change: +30.9%
#13. Grosse Pointe Farms, MI
- Typical home value: $513,933
- 1-year price change: +6.5%
- 5-year price change: +31.0%
#12. Leonard, MI
- Typical home value: $516,046
- 1-year price change: +4.8%
- 5-year price change: +31.4%
#11. Huntington Woods, MI
- Typical home value: $537,208
- 1-year price change: +4.8%
- 5-year price change: +31.3%
#10. Beverly Hills, MI
- Typical home value: $587,951
- 1-year price change: +7.1%
- 5-year price change: +35.2%
#9. Northville, MI
- Typical home value: $588,077
- 1-year price change: +6.2%
- 5-year price change: +34.7%
#8. Bingham Farms, MI
- Typical home value: $605,596
- 1-year price change: +5.8%
- 5-year price change: +31.8%
#7. Oakland, MI
- Typical home value: $640,985
- 1-year price change: +3.5%
- 5-year price change: +35.0%
#6. Bloomfield Hills, MI
- Typical home value: $663,115
- 1-year price change: +5.2%
- 5-year price change: +33.9%
#5. Birmingham, MI
- Typical home value: $733,351
- 1-year price change: +5.5%
- 5-year price change: +34.1%
#4. Grosse Pointe Shores, MI
- Typical home value: $767,443
- 1-year price change: +9.4%
- 5-year price change: +39.4%
#3. Franklin, MI
- Typical home value: $881,785
- 1-year price change: +6.0%
- 5-year price change: +38.4%
#2. Orchard Lake, MI
- Typical home value: $946,496
- 1-year price change: +5.4%
- 5-year price change: +33.7%
#1. Lake Angelus, MI
- Typical home value: $1,705,128
- 1-year price change: +7.7%
- 5-year price change: +34.7%