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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.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. Romeo, MI
- Typical home value: $436,894
- 1-year price change: +3.3%
- 5-year price change: +26.2%
#29. Clarkston, MI
- Typical home value: $437,274
- 1-year price change: +3.6%
- 5-year price change: +25.6%
#28. Brighton, MI
- Typical home value: $447,379
- 1-year price change: +2.3%
- 5-year price change: +25.1%
#27. Brandon, MI
- Typical home value: $449,295
- 1-year price change: +3.7%
- 5-year price change: +27.3%
#26. New Hudson, MI
- Typical home value: $464,800
- 1-year price change: +2.8%
- 5-year price change: +28.7%
#25. West Bloomfield, MI
- Typical home value: $466,635
- 1-year price change: +3.0%
- 5-year price change: +23.3%
#24. Troy, MI
- Typical home value: $472,471
- 1-year price change: +2.6%
- 5-year price change: +26.3%
#23. Novi, MI
- Typical home value: $478,638
- 1-year price change: +3.0%
- 5-year price change: +25.2%
#22. Rochester Hills, MI
- Typical home value: $480,334
- 1-year price change: +3.6%
- 5-year price change: +30.1%
#21. South Lyon, MI
- Typical home value: $480,620
- 1-year price change: +2.6%
- 5-year price change: +25.6%
#20. Washington, MI
- Typical home value: $486,699
- 1-year price change: +2.3%
- 5-year price change: +24.3%
#19. Grosse Pointe, MI
- Typical home value: $487,850
- 1-year price change: +3.7%
- 5-year price change: +18.8%
#18. Plymouth, MI
- Typical home value: $489,863
- 1-year price change: +4.7%
- 5-year price change: +27.5%
#17. Milford, MI
- Typical home value: $496,694
- 1-year price change: +4.0%
- 5-year price change: +24.8%
#16. Pleasant Ridge, MI
- Typical home value: $498,673
- 1-year price change: +4.5%
- 5-year price change: +23.2%
#15. Rochester, MI
- Typical home value: $502,262
- 1-year price change: +3.9%
- 5-year price change: +26.5%
#14. Grosse Pointe Park, MI
- Typical home value: $525,161
- 1-year price change: +3.6%
- 5-year price change: +24.9%
#13. Grosse Pointe Farms, MI
- Typical home value: $535,452
- 1-year price change: +5.5%
- 5-year price change: +26.9%
#12. Leonard, MI
- Typical home value: $535,876
- 1-year price change: +4.5%
- 5-year price change: +25.1%
#11. Huntington Woods, MI
- Typical home value: $561,012
- 1-year price change: +4.7%
- 5-year price change: +24.6%
#10. Northville, MI
- Typical home value: $606,656
- 1-year price change: +5.2%
- 5-year price change: +30.3%
#9. Beverly Hills, MI
- Typical home value: $611,802
- 1-year price change: +7.5%
- 5-year price change: +30.1%
#8. Bingham Farms, MI
- Typical home value: $619,935
- 1-year price change: +4.0%
- 5-year price change: +24.7%
#7. Oakland, MI
- Typical home value: $661,048
- 1-year price change: +2.9%
- 5-year price change: +28.8%
#6. Bloomfield Hills, MI
- Typical home value: $690,654
- 1-year price change: +4.9%
- 5-year price change: +27.9%
#5. Birmingham, MI
- Typical home value: $757,616
- 1-year price change: +6.4%
- 5-year price change: +28.7%
#4. Grosse Pointe Shores, MI
- Typical home value: $793,505
- 1-year price change: +6.9%
- 5-year price change: +33.0%
#3. Franklin, MI
- Typical home value: $932,384
- 1-year price change: +6.8%
- 5-year price change: +33.4%
#2. Orchard Lake, MI
- Typical home value: $989,427
- 1-year price change: +5.1%
- 5-year price change: +27.3%
#1. Lake Angelus, MI
- Typical home value: $1,817,923
- 1-year price change: +6.1%
- 5-year price change: +26.2%