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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

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.

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#30. Romeo, MI

- Typical home value: $429,037
- 1-year price change: +3.0%
- 5-year price change: +24.4%

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#29. Clarkston, MI

- Typical home value: $431,063
- 1-year price change: +3.2%
- 5-year price change: +23.9%

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#28. Brandon, MI

- Typical home value: $442,809
- 1-year price change: +2.9%
- 5-year price change: +25.1%

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#27. Brighton, MI

- Typical home value: $444,511
- 1-year price change: +2.2%
- 5-year price change: +25.0%

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#26. West Bloomfield, MI

- Typical home value: $457,173
- 1-year price change: +2.8%
- 5-year price change: +21.6%

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#25. New Hudson, MI

- Typical home value: $458,033
- 1-year price change: +2.1%
- 5-year price change: +26.7%

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#24. Troy, MI

- Typical home value: $458,678
- 1-year price change: +2.2%
- 5-year price change: +24.9%

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#23. Rochester Hills, MI

- Typical home value: $469,977
- 1-year price change: +3.5%
- 5-year price change: +28.5%

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#22. Novi, MI

- Typical home value: $470,805
- 1-year price change: +3.0%
- 5-year price change: +23.3%

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#21. South Lyon, MI

- Typical home value: $474,753
- 1-year price change: +2.6%
- 5-year price change: +24.7%

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#20. Washington, MI

- Typical home value: $479,691
- 1-year price change: +2.2%
- 5-year price change: +21.5%

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#19. Plymouth, MI

- Typical home value: $481,893
- 1-year price change: +4.0%
- 5-year price change: +26.2%

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#18. Grosse Pointe, MI

- Typical home value: $487,629
- 1-year price change: +4.0%
- 5-year price change: +18.9%

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#17. Pleasant Ridge, MI

- Typical home value: $489,548
- 1-year price change: +4.8%
- 5-year price change: +22.8%

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#16. Milford, MI

- Typical home value: $491,220
- 1-year price change: +4.0%
- 5-year price change: +23.8%

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#15. Rochester, MI

- Typical home value: $493,920
- 1-year price change: +4.1%
- 5-year price change: +25.3%

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#14. Grosse Pointe Park, MI

- Typical home value: $519,663
- 1-year price change: +2.9%
- 5-year price change: +23.5%

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#13. Leonard, MI

- Typical home value: $528,117
- 1-year price change: +4.5%
- 5-year price change: +24.5%

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#12. Grosse Pointe Farms, MI

- Typical home value: $528,869
- 1-year price change: +5.3%
- 5-year price change: +26.3%

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#11. Huntington Woods, MI

- Typical home value: $542,549
- 1-year price change: +4.5%
- 5-year price change: +24.4%

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#10. Northville, MI

- Typical home value: $594,892
- 1-year price change: +4.8%
- 5-year price change: +28.9%

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#9. Beverly Hills, MI

- Typical home value: $601,961
- 1-year price change: +7.4%
- 5-year price change: +30.6%

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#8. Bingham Farms, MI

- Typical home value: $617,534
- 1-year price change: +3.5%
- 5-year price change: +22.8%

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#7. Oakland, MI

- Typical home value: $650,824
- 1-year price change: +2.9%
- 5-year price change: +26.9%

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#6. Bloomfield Hills, MI

- Typical home value: $677,440
- 1-year price change: +4.5%
- 5-year price change: +26.7%

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#5. Birmingham, MI

- Typical home value: $749,411
- 1-year price change: +6.5%
- 5-year price change: +27.1%

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#4. Grosse Pointe Shores, MI

- Typical home value: $787,886
- 1-year price change: +6.9%
- 5-year price change: +31.5%

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#3. Franklin, MI

- Typical home value: $927,147
- 1-year price change: +7.7%
- 5-year price change: +33.6%

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#2. Orchard Lake, MI

- Typical home value: $978,102
- 1-year price change: +5.5%
- 5-year price change: +24.7%

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#1. Lake Angelus, MI

- Typical home value: $1,780,863
- 1-year price change: +6.6%
- 5-year price change: +23.1%

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